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Off Lows, Long End Richens

JGBS

JGB futures -4 vs. Friday's settlement as we work towards the Tokyo close, after briefly unwinding overnight losses during the Tokyo morning. Cash JGBs are marginally mixed out to 7-Years, firming further out, with 30s leading the way, richening by ~2.5bp, as the longer end benefitted from the bid in Tsys outlined elsewhere. The summary of opinions from the BoJ's March meeting revealed little in the way of fresh information (as expected), while the JPY supply pipeline built as Berkshire Hathaway mandated for a potential round of benchmark bond issuance.

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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