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Futures Recover From Overnight Lows, Labour Market Data Due

JGBS

JGB futures took the lead provided by wider core global FI markets after the Tokyo close, initially extending on their Tokyo weakness before paring losses to finish overnight dealing 1 tick above Tokyo settlement levels.

  • Much of the domestic headline flow observed since the Tokyo close revolves around COVID cases and vaccinations, so shouldn’t be too market moving, which will leave the impetus derived from wider global markets at the fore.
  • In terms of the local docket, it will be 2-Year JGB supply and the latest round of labour market data that provides the highlights on Tuesday.
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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