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On trend, JGB's rose ahead of the BOJ's........>

JGBS
JGBS: On trend, JGB's rose ahead of the BOJ's purchasing operations (left
unchanged for 5-10, 10-25 and 25+ Years) to then come down, now rising again as
Japanese stocks plummet 300pts... the 10-Year JGB was last at 150.89 and the
10-Year yield last up at 0.040% from remaining below 0.030% throughout
yesterday's Tokyo session.
- Barclays: "Today could see the JGB market meet upside resistance on concern
about elevated levels after flattening in USTs took a breather overnight, but we
look for the firm tone to remain intact amid risk-off flows. Overall, we expect
the market to trade in a range. Although the superlong sector has flattened
rapidly, levels remain within the range for this fiscal year."
- Japanese Party of Hope are said to be selecting their representative today and
Japanese officials will later attend the APAC Summit in Da Nang, Vietnam. Japan
Sep Tertiary Industry Index Scheduled for 0430GMT/1330JST

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