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JGB futures have stuck to a 2 tick range in....>

JGBS
JGBS: JGB futures have stuck to a 2 tick range in early dealing, with traders
having little to go off.
- Cash bonds have also struggled for direction, with cash JGBs hovering around
unchanged levels.
- Traders will look to the enhanced liquidity auction for JGBs with 5-15.5 Years
until maturity later today. The most recent enhanced liquidity auction covering
the maturities saw old 10-Year paper dominate the re-opening, with notable
demand for 20-Year JB143 & 30-Year JB4 also noted.
- Bulls have so far failed to take out the 151.02 resistance in futures, with
bears now needing a close below the 100-DMA (150.86) to gain breathing room and
below 150.80 to shift initial focus lower.
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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