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JGBS

JGB futures nudged lower during the Tokyo morning as domestic participants reacted to the modest round of overnight cheapening in U.S. Tsys & EGBs, while the uptick in local/regional equity markets also added some pressure. The contract managed to recover from worst levels, printing 4 ticks below Monday's settlement levels as the lunch bell rang, while yields were little changed in the cash space. Japan's Q1, P GDP reading was softer than expected, although markets looked through the release.

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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