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No Extension Of Super-Long End Weakness

JGBS

JGB futures have stuck to a narrow range this far, last -5 after failing to trouble their overnight low in early Tokyo trade. Cash JGBs run little changed to 1bp richer across the curve, with the super-long end failing to extend on the weakness observed during the first couple of sessions of this week, even after U.S. Tsys twist steepened on Tuesday.

  • There hasn’t been much in the way of market reaction to the previously fagged headlines re: fiscal policy.
  • Participants remain on headline watch and await the breakdown of the latest round of BoJ Rinban operations, which will cross during the lunch hour.
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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