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JGB's took a dip at the start of afternoon.....>

JGBS
JGBS: JGB's took a dip at the start of afternoon trade in Tokyo yesterday,
before recovering in the final portion of trade to finish in positive territory.
The sell off came after the the 1-3 and 3-5 Year JGB's saw higher bid/covers.
The recovery was led by futures in the afternoon, rising to the highest level
since April 19 at 151.17. Sources noted expectations of strong roll demand into
month/quarter end drove the bid in futures.
- JGB Opening Call Barclays: "Today could see a slight buy-side bias overall,
with the liquidity enhancement auction for 15.5-39y issues drawing firm demand
on risk-off flows linked to an early morning missile launch by North Korea and
small gains in USTs overnight."

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