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Little Reaction To Kishida BoJ Comments & BoJ Rinban Details

JGBS

JGBs look through comments made by PM Kishida during the Tokyo lunch break, as he noted that he is considering the impact on the markets re: his choice of BoJ Governor, while flagging communication as a key trait for the successful candidate (given the normalisation task that faces them). Elsewhere, there would have been little spill over from the results of the BoJ Rinban operations, which saw offer/cover ratios of 1.6-2.2x, remaining subdued. JGB futures last +6, while cash JGBs are 1-2bp richer across the curve.

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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