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Little to pen for the space as participants....>

JGBS
JGBS: Little to pen for the space as participants returned from the elongated
weekend.
- JGBs stuck to a tight range in the morning, and edged away from best levels in
the afternoon, pressured by a slight uptick in the offer to cover ratio in the
BoJ's latest 5-10 Year Rinban ops (3.43x vs. prev. 3.30x), after the Bank left
the size of purchases in the zone unchanged.
- Contract still sits 6 ticks higher on the day at writing, with yields modestly
lower across the curve.
- 20-Year JGB supply will garner the attention of participants tomorrow.
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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