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JGB futures stuck to a tight range in the......>

JGBS
JGBS: JGB futures stuck to a tight range in the morning, hovering around the
100- & 200-DMA's, before moving higher in the afternoon as longer dated paper
outperformed on the back of an uptick in the bid-to-cover ratio in the latest
liquidity enhancement auction for 15.5-39.0 Year JGBs.
- The 5-/30-Year spread is around 1.5bp flatter on the day.
- Participants await the results of the latest liquidity enhancement auction for
15.5-39 Year JGBs.
- Following the bounce from the DMA's bulls look for a close above hourly
resistance from May 30 (151.02) to push focus higher.
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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