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JGBs were lower in the main on Tuesday with....>

JGBS
JGBS: JGBs were lower in the main on Tuesday with 10-Year Bonds underperforming.
- The 10-Year JGB auction's low price was in line with expectations, after some
modest concession observed in the morning session, while the bid to cover held
steady. JGB futures were broadly stable following the auction.
- The super-long end outperformed, despite 30-Year JGB supply scheduled for
later this week.
- BOJ Rinban operations covering the 1-10 Year sector headline today with BOJ's
Harada due to speak.
- JGB bears now need a close below 150.89 in futures to signal a false break
higher and return focus to 150.71-80.
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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