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JGB's begun the session on the front foot as...>

JGBS
JGBS: JGB's begun the session on the front foot as the breakdown of the latest
Rinban operations (covering the 1-10 year sector) showed that participants had
not been spooked by Wednesday's reduction in the super-long end of the curve and
trade war fears supported the space.
- This was before BoJ Gov Kuroda stated that BoJ will be considering exiting its
ultra loose monpol around fiscal 2019, adding that there could be a policy
change before the 2% CPI target is reached but he did caveat noting that the BoJ
may also keep rates unchanged even with CPI at target.
- This sent JGBs in to freefall with futures slipping around 50 ticks before
moving back to 150.80 last.
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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