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JGB futures stuck a tight range in overnight...>

JGBS
JGBS: JGB futures stuck a tight range in overnight trading, after the curve bull
flattened in Tokyo hours.
- As a reminder, Japan's government on Friday downgraded its overall economic
assessment from the previous month, now saying that the economy is recovering at
a moderate pace "while weakness in exports and industrial production continues."
- The weekend saw focus fall on U.S. President Trump's visit to Tokyo. Trump
tweeted the following on Sunday, "Great progress being made in our Trade
Negotiations with Japan. Agriculture and beef heavily in play. Much will wait
until after their July elections where I anticipate big numbers!"
- Focus today moves to BoJ Rinban operations covering 1-5 & 10-25+ Year JGBs.
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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