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JGB futures consolidated their overnight.......>

JGBS
JGBS: JGB futures consolidated their overnight gains this morning, going into
the lunch break 15 ticks better off, with the cash curve running flatter, in
lieu of Thursday's moves in global bond markets.
- A larger than expected upward revision to the final Q4 GDP print applied some
modest pressure to the space, while a negative start for the Nikkei 225 provided
support, as the JPY consolidates Thursday's gains.
- The BoJ left the size of its 1-5 Year Rinban operations unchanged in its
latest round of purchases. Offer to cover ratios were as follows:
- 1-3 Year 3.31x (prev. 3.20x), 3-5 Year 3.88x (prev. 3.31x)
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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