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Futures Pressured Overnight, 0% In 5-Year JGBs Eyed

JGBS

JGB futures shed 14 ticks in overnight dealing, with the contract struggling on the back of hawkish takeaways from the BoE & ECB decisions.

  • The 0% mark in 5-Year JGB yields may come under pressure after Thursday’s wider spread weakness in core global FI markets.
  • Note that foreign investors flipped to net buying of JGB futures in the week ending 28 Jan, this ended a streak of 5 consecutive weeks of net sales.
  • A parliamentary address from BoJ Governor Kuroda headlines the Tokyo docket on Friday.
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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