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Nothing To See In Rinban Breakdown

JGBS

The bid flagged in the earlier bullet developed a little further into the Tokyo lunch break, with 7s finishing 2.5bp firmer on the day, while JGBs were 19 ticks better off come the break.

  • A quick reminder that the BoJ left the sizes of its 1- to 3- & 5- to 10-Year JGBS as was, with little in the way of meaningful movement in the offer/cover ratios, seen below:
  • 1- to 3-Year: 2.87x (prev. 3.22x)
  • 5- to 10-Year: 2.53x (prev. 2.54x)
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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