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Futures Pare Losses

JGBS

JGB futures unwound the bulk of their overnight losses in early Tokyo trade, before holding a narrow range into the lunchbreak. Futures were 3 ticks softer than settlement levels come the lunch bell, with the uptick in the Nikkei 225 helping to unwind some of the broader risk-off feel that crept into markets in early trading this week, after the latter supported JGBs at the re-open. Cash JGB yields were marginally mixed. Comments from PM Suga offered little new, while there is not much of note to look forward to on the local docket for the remainder of the session.

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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