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Holding Firm Into Supply

JGBS

Futures hit the lunch break 2 ticks below yesterday's settlement levels, with the contract pretty much sticking to the confines of the overnight range during the Tokyo morning. The cash curve saw some light bull flattening during the morning, with the long end outperforming despite the impending round of 20-Year JGB supply. There was nothing in the way of fresh concrete developments re: the local COVID situation, while BoJ Governor Kuroda stuck to script in his latest address in front of parliament. Local focus remains on this afternoon's 20-Year supply.

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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