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JGB futures break lower, last -38 ticks at.....>

JGBS: JGB futures break lower, last -38 ticks at 124.60, after hitting a low of
124.54, as the recent steepening theme develops, this time with broader bear
steepening in play.
- Long end has been the driver of the recent move in the wake of Kuroda's
comments made last Friday, in a Nikkei interview, but there seems to be little
to drive today's move headline wise, although the future is now trading at
levels not seen since Aug 9, with technical drivers perhaps in play.
- 10-Year yields moved as high as -0.213% on the move, last -0.219%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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