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JGB's closed lower yesterday. Post auction.....>

JGBS
JGBS: JGB's closed lower yesterday. Post auction results the 10-Year JGB came
down 14 ticks after earlier rising steadily post BOJ minutes release. In the
overnight session JGB's moved alongside U.S. Tsys, coming down after Fed Yellen
spoke and generally increased confidence for a Dec rate hike, moving investors
out of safe haven trades.
- We look today to BOJ bond purchases at 0210BST/1010JST, for data we have the
Small Business Confidence Index out at 0600BST/1400JST.
- Barclays opening call - Today could see yields continue to rise gradually
overall against a backdrop of JPY depreciation and rising share prices after UST
yields rose overnight.

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