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Futures sit some 14 ticks lower on the.........>

JGBS
JGBS: Futures sit some 14 ticks lower on the session, 5 ticks off worst levels,
pressured by the broader risk backdrop that we have outlined elsewhere.
- Yields marginally mixed on the day, 10s-20s outperform, 30s-40s lag, with
swaps wider across the curve.
- BoJ left the size of its 1-5 Year Rinban ops unchanged, while the MoF noted it
will buyback Y50bn worth of JGBs.
- With limited news flow elsewhere on the local front, broader market flow, the
Rinban breakdown and Chinese economic data is likely to set the tone ahead of
the Tokyo weekend.
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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