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JGB futures stuck to an extremely tight........>

JGBS
JGBS: JGB futures stuck to an extremely tight range in the morning session and
last trade 6 ticks lower at 150.98. 
- The cash curve has steepened during early dealing, after 2 days of notable
flattening.
- No meaningful concession has been noted in benchmark 2-Year yields ahead of
today's supply.
- The 151.15-19 resistance confirmed its significance once again with the
contract rejected ahead of this level and looking a little offered. Bears now
need a close below hourly support from May 28 (150.90) to return focus lower.
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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