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Marginally Pressured In Early Trade, Docket Docket Light This Week

JGBS

JGB futures are a touch pressured in early dealing, spillover from US Tsys which cheapened after news of a US Govt shutdown being averted has weighed.

  • JB1 deals at 114.87, -0.10, and has recovered from the base of its 0.34 range.
  • Cash JGBs sit flat to 2bps cheaper across the major benchmarks. The 10 YY is unchanged at 0.76%.
  • The Q3 Tankan Survey shows that confidence amongst large Japanese manufacturers picked up for the second consecutive quarter. More here.
  • Looking ahead, the data docket is relatively light this week. Labor Cash earnings on Friday are the highlight.

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