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JGB futures continue to hold in a tight........>

JGBS
JGBS: JGB futures continue to hold in a tight range, after the space ticked
higher in early Tokyo trade, taking queue from the dovish FOMC & ensuing
reaction in the Tsy space, with the curve flattening as a result.
- Early afternoon trade has seen a bid develop in the short-end of the curve, on
the back of a strong 2-Year auction which saw the low price exceed dealer exp.,
cover ratio tick higher and tail narrow.
- The Nikkei 225 trades back towards its early highs, ~+1.3% on the day.
- The accounts from the BoJ's latest MonPol decision and subsequent comments
from BoJ Deputy Gov. Amamiya focused on increasing downside risks, but revealed
very little in the way of fresh information.
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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