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JGB futures registered fresh highs in the......>

JGBS
JGBS: JGB futures registered fresh highs in the early part of the afternoon
after the space traded in a fairly limited manner during the morning session.
The contract last trades 9 ticks higher, drawing some support from a Globe &
Mail report that suggests that the U.S. is set to proceed in seeking the
extradition of the Huawei CFO from Canada.
- Modest flattening apparent across the curve. The short end was perhaps limited
ahead of the 1-5 Year liquidity enhancement auction, although the results of the
supply were strong enough, and shorter date paper continues to underperform.
- A negative session for the Nikkei 225 will have also provided some support.
- Worth noting that Rabo bank announced 5-/10-Year JPY issuance today, set to
price later this week.
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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