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MNI Asia-Pacific FI PI: Structurally Short....>

BONDS
BONDS: MNI Asia-Pacific FI PI: Structurally Short JGB Position Built Post-BoJ
- Fresh JGB shorts were set in the wake of the latest BoJ MonPol decision,
despite the initial short covering that came on the back of the initial
decision. This has led to 10-Year JGB futures assuming a structurally short
position. The short positioning likely came as a result of Governor Kuroda's
press conference, as he noted that the tolerable 10-Year yield trading band will
double in width i.e. -/+0.2%, and has been aided by a questionable 10-Year JGB
auction. Aussie Bonds have structurally short to flat positioning, with longs
reduced over the latest week.
- N.B. Data covers the week ending August 03 2018
- For full story see MNI PI E-Mail at 08:06 BST 08/07, or contact us for access.
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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