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Futures Near Resistance

JGBS

A combination of underperformance in local equity markets and continued interest in long end swaps is allowing the space to shrug off the uptick in cover ratio in the 25+ Year Rinban ops, with tighter spreads across today's ops also countering the uptick in longer dated offer/cover. JGB futures pushing on in afternoon trade as a result, last +14 at 152.45, nearing the technical bull trigger at 152.50

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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