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Momentum was the order of the day for JGBs,....>

JGBS
JGBS: Momentum was the order of the day for JGBs, as concession ahead of/follow
through on the back of a less than inspiring 10-Year JGB auction (which came in
the wake of October's woeful supply) and reaction to U.S. trade/yesterday's
local headline flow pressured the space, with the belly underperforming in cash
trade.
- JGB futures ran further below broken key support, and closed 66 ticks lower on
the day, albeit off of lows after round number support at 153.00 held during a
choppy Tokyo afternoon.
- BoJ meeting minutes were looked through, as the Sep meeting that they covered
has been superceded by last week's decision.
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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