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JGBS

A sedate Wednesday for JGBs, with futures -4 at typing, largely tracking U.S. Tsy dynamics, as the long end outperforms in cash trade, in light of the late NY U.S. fiscal developments.

  • 3-5 Year BoJ Rinban ops saw the offer cover ratio nudge higher to 3.50x vs. 2.84x last time out.
  • Early Wednesday comments from BoJ Governor Kuroda offered little new, as he noted that a full global economic recovery is seemingly further down the road.
  • Japanese BoP data and 5-Year JGB supply are due Thursday.
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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