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JGB futures added 10 ticks come the close of...>

JGBS
JGBS: JGB futures added 10 ticks come the close of the overnight session,
initially drawing support from BoJ Governor Kuroda's post-decision press
conference as he noted that the Bank may have to scale up its bond purchases
owing to the impending jump in JGB supply. The Governor also played down
concerns that the Bank is financing the government's COVID-19 fighting fiscal
package, as he stressed that "the BOJ is buying bonds to independently conduct
monetary policy". The contract followed the broader ebb and flow of U.S. Tsys
after that.
- Focus today turns to 1-3, 5-10 & 25+ Year BoJ Rinban ops, as well as the
monthly Japanese trade balance data.
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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