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MNI: BOC Says Real Rate May Need To Remain Elevated

BOC REITERATES CAN RAISE INTEREST RATE FURTHER IF NEEDED

MNI SNB WATCH: SNB Weighs 25Bp Hike

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: 10-Year GGB Auction on Wednesday

EZ/UK T-Bill Calendar: 3/6-Month EU Bills Auction on Wednesday

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

JGB futures briefly breached Tuesday's low.....>

JGBS
JGBS: JGB futures briefly breached Tuesday's low in early dealing Wednesday,
before edging higher.
- The shorter end of the curve drew modest support ahead of the latest round of
BOJ Rinban operations, which covered the 1-10 Year buckets. The size of the
Rinban purchases were left unch. & the offer to cover ratios of the operations
can be found below:
- 1-3 Year 3.64 (prev. 2.90), 3-5 Year 2.21 (prev. 2.18), 5-10 Year 2.73 (prev.
2.28).
- 20-Year paper experienced some modest underperformance ahead of today's JGB
auction covering the sector, before cash yields finished the morning session
largely unchanged. Broader yields then edged lower in the afternoon session as
the Nikkei 225 moved back from best levels, as the underperformance of Chinese
equities tempered risk appetite into the JGB close.
- Participants now look to the BOJ's Rinban operations (Friday), addresses from
BOJ Gov. Kuroda (Thursday & Friday) & Dep. Gov. Amamiya (Saturday), as well as
20-Year JGB supply (Thursday).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News

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