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JGBS: JGB futures have edged lower, in sympathy with Tsy price action from
Wednesday, with the contract sticking to a tight range thus far.
- The curve has run steeper, with little in the way of news flow apparent.
- It is worth noting that the MOF will auction 1-5 Year paper in a liquidity
enhancement auction today, with BoJ 1-5 & 10-25+ Year Rinban due Friday.