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Futures Lean On Post-Powell Bid In Tsys, Tokyo Reaction Eyed

JGBS

The broader reaction Fed Chair Powell’s address supported JGB futures in late overnight dealing, with spill over from a firm bid in U.S. Tsys allowing the contract to more than unwind the pre-Powell downtick that had been observed. That left the contract +23 at the close of post-Tokyo trade.

  • The post-Powell reaction will likely continue to filter through during the early rounds of Tokyo dealing.
  • Today’s domestic docket is headlined by final manufacturing PMI data, Q3 capex readings, 10-Year JGB supply and an address from BoJ’s Noguchi.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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