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Light Cheapening Seen


A sedate round of morning dealing saw a modest uptick in JGB yields, while JGB futures traded on the backfoot. This was perhaps a catch-up play to Tuesday’s cheapening in U.S. Tsys, which left the futures contract -7 at the lunch bell

  • The space looked through softer than expected Chinese PMI data, while softer than expected domestic industrial data also failed to inspire price action.
  • Broader domestic headline flow was limited at best.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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