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Futures Off Post-Sources High

JGBS

JGB H4 futures have faded from initial knee-jerk highs that came in the wake of the previously covered dovish BoJ sources piece from BBG (a reminder that RTRS sources previously provided some pushback against the hawkish market reaction to last week’s comments from BoJ governor Ueda & Deputy Governor Himino).

  • The contract showed as high as 145.31, last printing +22 on the day around 145.15 vs. levels of ~144.90 pre-BBG sources.
  • Generic 10-Year cash JGB yields finished Tokyo trade around the 0.765% mark, with the sources piece hitting around 20 minutes before the close {range of 0.759-0.779% in the 20 minutes ahead of the close). Friday’s high in that metric sits at 0.808%, while Wednesday’s close was 0.639%.
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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