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JGB cash activity was limited on Thursday,.....>

JGBS
JGBS: JGB cash activity was limited on Thursday, with futures moving higher
aided by the smooth passing of the BoJ's 10-25+ Year Rinban ops, although upside
was capped by a resilient session in Japanese stocks. Futures moved higher again
overnight, following global counterparts.
- US Tsy yields backed off on Thursday, with USDJPY now below 105.00.
- The BoJ will conduct Rinban ops in the 1-5 Year buckets today.
- Barclays suggest that "today could see buyers take an upper hand in the JGB
market, led by futures, given the risk-off mood after US and European bonds rose
sharply overnight. The BoJ is scheduled to hold buying operations for 1-5y
issues and could also have an operation for JGBi."
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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