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JGBS: It was a quiet morning session for the space, with JGB futures easing a
touch in early dealing, although activity has been somewhat limited, with the
lead contract going into the lunchbreak off of worst levels. The Nikkei 225
added 1.0%, which likely applied some modest pressure to JGBs.
- The long end of the curve has been subjected to some slight underperformance.
- Market seems quiet ahead of the U.S. Mid-terms Tuesday, with 10-Year JGBi
supply due later today.