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Futures spiked lower on the back of much.......>

JGBS
JGBS: Futures spiked lower on the back of much stronger than expected domestic
GDP data, although the positive contribution from net trade masked a weak
breakdown which saw both imports and exports tumble.
- Subsequent comments from Japanese Economy Minister Motegi continue to sound
guarded, with a positive take on domestic demand, but worry/concern noted re:
the global outlook. Futures trade 11 ticks lower at writing, back from reaction
lows, with the cash curve undergoing some modest steepening.
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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