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JGB futures traded 4 ticks higher at 150.91,...>

JGBS
JGBS: JGB futures traded 4 ticks higher at 150.91, as the 5-20 Year area
outperformed in cash dealing.
- The BoJ's 5-25+ Year Rinban operations passed smoothly, with the offer to
cover ratio stable in the 10 Year+ buckets, while the 5-10 Year bucket's offer
to cover ratio reverted, following the move higher in the operations conducted
earlier this week.
- 3-Month cross currency JPY basis has tightened, pointing to repatriation flows
ahead of FY end. 
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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