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JGBs have started the session on the back......>

JGBS
JGBS: JGBs have started the session on the back foot, after giving up a chunk of
their BOJ inspired gains during the overnight session, aided by comments from
Kuroda, as he suggested that yields would be allowed to fluctuate by around
double the amount that was previously prescribed.
- JGB futures trade below the overnight low, with bears focused on yesterday's
low (150.24). Cash dealing has seen the belly of the curve underperform, with
super-long yields lagging.
- Focus now moves to today's Rinban operations covering the 1-3 & 3-5 Year
buckets.
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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