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JGB futures were 14 ticks higher at 151.09.....>

JGBS
JGBS: JGB futures were 14 ticks higher at 151.09 as Tokyo went in to the break
as the curve bull flattened, the 10-Year yield last sits at 0.046% (-1.1bp)
- The offer to cover ratios in today's Rinban operations (which covered the 1-10
Year buckets) were lower, with the 5-10 Year bucket exhibiting the sharpest
fall, suggesting that holders have not been shaken by this week's adjustment to
the super-long purchases.
- JGB's have been supported by the risk off tone and a particularly heavy
session for the Nikkei 225 as USDJPY briefly broke 106.00 to the downside.
- Comments from BoJ Gov Kuroda & PM Abe offered little new.
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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