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Nothing To Separate JGBs From The Pack

JGBS

JGB futures generally followed the broader ebb and flow of wider core global FI markets during the Tokyo morning, meaning JGB futures failed to re-test their early Tokyo highs, hitting the lunch bell +13 vs. settlement. Cash JGs were generally little changed to ~1bp richer, with 7s maintaining their early outperformance, while 20s provided the weakest point on the curve cheapening by 0.5bp.

  • •BoJ board member Noguchi stuck to the wider dovish script provided by the central bank, underlining the need for continued easing, while BoJ Exec. Dir. Uchida flagged the positives surrounding the BoJ’s ultra-loose policy settings.
  • •30-Year JGB supply headlines this afternoon.
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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