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JGB futures have edged away from the opening...>

JGBS
JGBS: JGB futures have edged away from the opening session lows, after softening
in the overnight session, with cash yields edging ever so slightly higher.
- The BOJ left its MonPol settings unchanged at its latest MonPol decision as
exp. with 2 dissenters at the meeting. Harada wanted the forward guidance
adapted to further clarify its relation with the Bank's CPI target, as he deems
the current guidance as too ambiguous. Kataoka continued to dissent against the
idea that inflation will converge to 2%.
- It is worth noting that there will be ~Y20tn worth of redemptions in the space
tomorrow.
- Focus now turns to the ruling LDP party's leadership election & 20-Year
supply, due tomorrow & the week's remaining Rinban operations.
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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