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Futures Pressured Overnight, 5-Year JGB Supply Due

JGBS

The impetus derived from stronger than expected U.S. economic data and the related move in U.S. Tsys applied pressure to JGB futures in post-Tokyo dealing, with the contract finishing the overnight session -23 as a result.

  • Domestic headline flow continues to be centred on all things BoJ, with the latest Nikkei survey revealing that all 20 respondents said that “the Bank will likely revise the yield curve control tool sometime this year.”
  • 5-Year JGB supply headlines the domestic docket on Thursday, with trade balance and core machine orders the highlights on the data side.
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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