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Monday has represented yet another limited.....>

JGBS
JGBS: Monday has represented yet another limited session for JGBs, with futures
continuing to operate in familiar territory.
- Following the bounce from futures' 200- (150.76) & 100- (150.75) DMA's bulls
look for a close above hourly resistance from May 30 (151.02) to push focus
higher.
- Cash JGBs have steepened a little, reversing some of Friday's late flattening,
with little in the way of fresh catalysts apparent as 40-Year paper has
underperformed, while the belly has experienced some slight outperformance.
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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