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JGB futures went into the lunch break 7........>

JGBS
JGBS: JGB futures went into the lunch break 7 ticks softer at 150.48, recovering
from the early session lows, although the space never really looked like
garnering a solid bid as the Nikkei 225 traded higher & the US-10 Year yield
consolidated above 3.00%.
- The belly of the curve outperformed the short & long end.
- Fitch affirmed Japan's A rating, while Japanese PM Abe stated that he wasn't
considering a snap election, a day after one of his party members said it was
one option open to the party in lieu of Abe's approval ratings slump, although
neither piece of news flow had a pronounced effect on the space.
- Traders await Friday's BoJ MonPol decision & the BoJ's JGB purchasing plan for
May in front of next week's Golden Week holiday.
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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