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Impending 30-Year Supply Sees Twist Steepening

JGBS

JGB futures gave back a portion of their modest gains during the Tokyo morning, hitting the bell 10 ticks above settlement levels. Cash JGBs saw the major benchmarks out to 20s trade little changed to ~1.0bp richer, while longer dated paper (30s & 40s) saw very modest cheapening ahead of tomorrow's 30-Year JGB supply. There has been a lack of meaningful news flow evident since the Tokyo open.

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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