November 07, 2022 00:54 GMT
Little Changed Across The Curve, Futures Back To Flat
JGBS
Cash JGBs run 0.5bp cheaper to 1bp richer across the curve, with 7s outperforming on the overnight bid in futures, although the move in JGB futures has faded from extremes to last trade +1 vs. settlement, with global core FI markets backing off from their early Asia peaks on the dynamics we have explained elsewhere. Local headline flow remains limited and hasn’t done much for price action.
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