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JGB futures have edged higher as longer........>

JGBS: JGB futures have edged higher as longer dated swap rates continue to ease,
playing catch up with the bid observed in Tsys during the latter part of the NY
session, with longer dated cash JGBs also ticking higher.
- The BOJ left the size of its Rinban operations covering 5-25+ Year paper &
JGBis unchanged at today's operations.
- Looking at the breakdown of the operations, the offer to cover ratios read as
- 5-10 Year 3.35 (prev 2.78)
- 10-25 Year 3.72 (prev 3.34)
- 25+ Year 2.60 (prev 3.80)
- JGBis 5.15 (prev 5.41)
- Focus is set to fall on broader risk sentiment & Rinban operations through the
remainder of the week, with Japanese CPI due Friday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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