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JGB futures edge lower at the re-open, last....>

JGBS
JGBS: JGB futures edge lower at the re-open, last trading 3 ticks below
settlement after the contract stuck to a tight range overnight, having a look
above the Tokyo session peak in the process. This came after 40-Year paper
underperformed on Tuesday, in the wake of a sloppy round of supply.
- The latest BBG BoJ sources piece suggested that the BoJ is likely to downgrade
its inflation outlook for the current FY when it issues a fresh round of
economic projections next week. The piece also noted that the Bank may downgrade
some of its GDP projections.
- Flash PMI data headlines the local docket today.
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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