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Futures Soften

JGBS

JGB futures have extended their earlier weakness, printing -35 last, a little off worst levels as the impetus from the cheapening in core FI markets accelerated the move lower in futures during the Tokyo afternoon. Wider cash JGBs run 1.0-4.5bp cheaper across the curve, with 30s leading the way lower.

  • Looking ahead, labour market data for July and 2-Year JGB supply will headline the domestic data docket for Tuesday.

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