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JGBs have been underpinned from the off,.......>

JGBS
JGBS: JGBs have been underpinned from the off, with risk sentiment hit & the
Nikkei 225 losing over 2.0% on the back of broader worries surrounding the
Huawei CFO matter.
- Soft Japanese GDP data also drew support for the space.
- Cash curve has bull flattened, with 10-Year yields last 0.040%, 1.5bp lower on
the day.
- The BoJ left the size of its Rinban purchases covering the 1-10 Year buckets
unchanged today, with the offer to cover ratios as follows: 1-3 Year 2.42 (prev.
2.43), 3-5 Year 2.41 (prev. 1.63), 5-10 Year 2.84 (prev. 1.78).
- 30-Year supply headlines the docket tomorrow.
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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