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JGB 10-year futures reversed early gains and...>

JGBS
JGBS: JGB 10-year futures reversed early gains and last traded 4 ticks lower at
150.81 after rising 4 ticks from Friday's close in early Asian trading. 
- A close below 150.80, which coincides with the 50DMA, will be needed to
trigger further selling. This would be made more likely should 10-year
breakevens, currently at 0.579, continue to edge higher.
- The US/Japan 10-year yield spread edged down almost 2bps to 290.8bps, but
remains near decade highs.
- The latest round of BoJ Rinban operations saw the BoJ leave the size of its
operations covering the 1-3, 3-5, and 5-10 year buckets unchanged.

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