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JGB Futures Tight Overnight, Data Dump & Rinban Eyed

JGBS

JGB futures added 3 ticks overnight, holding to familiar territory, even with U.S. Tsys bid.

  • After hours Thursday saw the government deliver its latest round of economic projections, with the adjustments falling in line with earlier press reports. The government now expects the economy to shrink 4.5% in the current fiscal year. It also cautioned that the economy could contract about 5% if there is a second large-scale coronavirus outbreak overseas.
  • The month end data dump, headlined by the labour market report, industrial production and consumer confidence data is due today, as are BoJ Rinban ops covering 5-10 & 25+ Year 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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