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JGB futures tested yesterday's high at the.....>

JGBS
JGBS: JGB futures tested yesterday's high at the re-open (150.65), before edging
away into the lunch break. Bulls are looking for a break of the level to open up
Fibonacci resistance at 150.80, and are supported by a risk off backdrop at
writing.
- Yields sit unchanged to a few tenths of a bp higher last.
- The BOJ left the size of its Rinban operations covering 1-10 ~Year operations
unchanged today, the offer to cover ratios can be seen below.
- 1-3 Year 2.58 (prev. 3.64), 3-5 Year 1.78 (prev. 2.21), 5-10 Year 2.60 (prev.
1.70).
- Focus next week turns to the BOJ's latest MonPol decision, with industrial
production and labour market data also due, in addition to Rinban operations &
10-Year JGB supply
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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