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JGB futures finished the morning session 6.....>

JGBS
JGBS: JGB futures finished the morning session 6 ticks lower, well off the
opening lows, with U.S. equity index futures lower on the day, although the
Nikkei 225 continues to trade higher, last ~+3.7%.
- 30-Year paper has underperformed. 10-Year JGB yield last 0.026% after hitting
0.0% for the first time since Sep 2017 earlier this week.
- The size of the BoJ's Rinban operations covering 5-25+ Year JGBs was left
unchanged today. The offer to cover ratios for the operation were as follows.
5-10 Year 1.77x (prev. 2.92x) 10-25 Year 1.95x (prev. 2.67x) 25+ Year 3.28x
(prev. 2.43x).
- Labour market data & the summary of opinions from the BoJ's December MonPol
decision are due Friday.
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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