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JGB futures operated in a 3 tick range in......>

JGBS
JGBS: JGB futures operated in a 3 tick range in the morning session, with the
super-long end continuing to outperform in cash dealing despite the upcoming
30-Year supply.
- The BOJ left the size of its Rinban operations covering the 1-10 Year buckets
unchanged at today's operation. Looking at the breakdown of the operation, the
offer to cover ratio of the 1-3 & 3-5 Year buckets edged higher, while the cover
ratio of the 5-10 Year bucket held steady.
- JGB bears need a close below 150.89 in futures to signal a false break higher
and return focus to 150.71-80.
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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