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JGB futures trade 3 ticks worse off on the.....>

JGBS
JGBS: JGB futures trade 3 ticks worse off on the day, sticking to a very tight
range during Tokyo hours.
- The cash space has seen the curve twist flatten.
- 5-Year paper has underperformed at the margin throughout, even on the back of
a fairly non-descript auction for 5-Year paper, which provided very similar
metrics to last month's offering.
- Participants looked through the latest round of wage data.
- Worth highlighting that Mizuho lowered its long-term prime rate to 0.95% from
1.00%.
- Tomorrow's local docket is particularly light, with PPI data providing the
highlight.
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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