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Futures Soften A Bit

JGBS

JGB futures shed 7 ticks overnight, finishing a little above worst levels after testing the 151.00 mark, aided by long end U.S. Tsys recovering from cheapest levels of the session. Cash 10-Year yields took out their early Nov ’21 high in late Tokyo trade, with bond bears now looking to the 19 Mar high (0.138%) and 76.4% retracement of the yield decline observed between 26 Feb & 4 Aug (0.139%).

  • Tokyo CPI and wage data headlines the local docket on Friday. A reminder that Japanese markets will be closed on Monday, as the country observes a national holiday.
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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