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Monday provided a very limited start to the....>

JGBS
JGBS: Monday provided a very limited start to the week for the JGB space, with
futures sticking to a tight range, finishing lower on the day and fading further
overnight.
- Cash yields traded marginally higher across the curve, with 5-7 Year paper
underperforming, the super long end's outperformance faded later in the day.
- The BoJ left the size of its 1-5 & 10-25+ Year JGB operations unchanged on
Monday. Offer to cover ratios as follows: 1-3 Year 2.59x (prev. 3.49x), 3-5 Year
2.98x (prev. 2.53x), 10-25 Year 3.27x (prev. 2.02x), 25+ Year 3.23x (prev.
2.75).
- 10-Year JGB supply headlines the docket today.
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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