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Pressure In Early Tokyo Dealing

JGBS

Thursday’s global core FI weakness spills over into early Tokyo trade, with JGB futures now -24. Note that technical support comes in at the 26 Feb ’21 low (150.38). Cash JGBs run little changed to ~2.5bp cheaper across the curve, with 7s leading the sell off, pointing to futures driven flow. 5-Year yields are threatening to break above the 0% mark.

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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