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Futures play catch up to the risk averse.......>

JGBS
JGBS: Futures play catch up to the risk averse moves at the re-open, with that
theme deepening a little in early Asia-Pac trade, contract last +8 as a result,
with the shallow overnight losses more than recouped. 5-10 Year sector of the
curve sees some underperformance in cash trade ahead of today's 5-Year JGB
offering.
- Swap curve bull flattens, with spreads mixed vs. cash JGBs.
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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