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Little to pen for JGBs, with futures...........>

JGBS
JGBS: Little to pen for JGBs, with futures sticking to a tight range (-2 ticks
last) and the super-long end witnessing some outperformance as the curve twist
flattens.
- Several well followed strategists have expressed a preference for longer dated
curve flatteners in recent times, so may be taking advantage of yesterday's
post-auction sell off in 40-Year paper to add to/initiate positions.
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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