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JGB futures rallied to record highs....>

BOND SUMMARY
BOND SUMMARY: JGB futures rallied to record highs overnight and last trade at
154.10, 18 ticks above settlement and just shy of best levels. Support was
provided by the Nikkei 225's slide firmly into negative territory, as well as
the latest BoJ Rinban ops. Defying speculation that it may respond to the
10-year yield nearing the lower boundary of permitted range at -0.2% by trimming
the size of its bond purchases, the BoJ left all sizes unch. today. Yields are
lower across the curve, while 10-Year yield bottomed at -0.199%.
- In Australia, YM last trades 3.0 ticks higher, with XM 1.5 ticks higher as ANZ
brought their cash rate cut forecast forward. Yields are 1.9bp to 2.8bp lower
across the curve, with bills trading 1-4 ticks higher through the reds.
- T-Notes last -0-02+ at 127-31+, with yields broadly lower across the curve.
Eurodollar contracts are 1.75 tick to 3.5 ticks lower through the reds. The NYT
reported that U.S. Pres Trump authorised retaliatory strikes against Iran before
pulling back from the decision.
- Bunds -0.04, Bobls -0.02, Schatz -0.020. EU leaders failed to reach consensus
& fill the top EU jobs yesterday and will meet for another summit on June 30.

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