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JGB futures last +12 ticks, following a........>

JGBS
JGBS: JGB futures last +12 ticks, following a steady re-open after the lunch
break.
- The breakdown of the latest 5-10 Year BoJ Rinban ops revealed a virtually
steady offer to cover ratio & spread dynamic vs. the prior op covering the
bucket.
- Curve still holding flatter on the day, potentially driven by early swap
receiving in the super-long end, as outlined earlier.
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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