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Futures Marginally Cheaper Overnight, Operating In Wide Range

JGBS

JGB futures ultimately cheapened in the final overnight trading session of last week, with the contract operating in a relatively wide ~30 tick range, unwinding early post-Tokyo gains as U.S. Tsys cheapened through the session. That left JGB futures -2 come the close of overnight dealing.

  • There could be a downward bias observed at the futures re-open, with Japanese equities set to follow Friday’s U.S. equity rally and U.S. Tsy futures operating a touch below Friday’s settlement levels as of typing.
  • The summary of opinions from the BoJ’s latest MPM provide the highlight of Monday’s domestic docket.
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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