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JGB futures ticked higher overnight, aided.....>

JGBS
JGBS: JGB futures ticked higher overnight, aided by soft EZ PMI data.
- RTRS sources suggested the BoJ will trim its GDP & CPI exp. in next week's
quarterly economic projections. The sources suggested that the initial FY21 CPI
estimate will likely be set above 1.5%, but fall short of the 2.0% target.
- JGBs moved higher in Tokyo trade yesterday aided by a strong 5-15.5 Year JGB
liquidity enhancement auction, and the broader risk-off theme evident in
Asia-Pacific hours.
- Focus today will fall on domestic CPI data & the BoJ's 1-5 & 10-25+ Year
Rinban operations.
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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