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It has been a quiet start to the day for.......>

JGBS
JGBS: It has been a quiet start to the day for JGBs, with futures sticking to a
tight range, and yields trading within 0.5bp of yesterday's closing levels.
- The BoJ left the size of its 1-5 & 10-25+ Year Rinban operations unchanged
today.
- Earlier comments from Japanese FinMin Aso, covered by BBG, noted that there
has been many positive side-effects from BoJ MonPol, and he doesn't believe that
the direction of MonPol has been wrong. Aso also stated that wages have
definitely been rising.
- The MOF has announced that it will issue Y400bn worth of I/L bonds on Nov 06.
10-Year break evens last deal at ~0.4% unchanged on the day.
- UBS has announced 6-Year NC5 & 10-Year NC9 JPY bond lines.
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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