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JGB futures pushed through the early session...>

JGBS
JGBS: JGB futures pushed through the early session highs, aided by the
declaration of the first coronavirus case in NY state in the U.S., followed up
by a statement from BoJ Governor Kuroda noting that "global financial and
capital markets
have been unstable recently with growing uncertainties about the outlook for
economic activity due to the spread of the novel coronavirus. The Bank of Japan
will closely monitor future developments, and will strive to provide ample
liquidity and ensure stability in financial markets through appropriate market
operations and asset purchases."
- Futures have moved to fresh highs, last +20, 3 ticks off peaks.
- Shift in yields is fairly parallel across the curve, although that excludes
2s, which are the notable outperformer, with a focus on central bank easing
globally.
- Little deviation was seen in the final m'fing PMI vs. flash.
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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