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Pressure Seen At The Re-open

JGBS

Friday’s U.S. Tsy losses have mostly been consolidated during early Asia-Pac dealing, which will likely lead to some downward impetus for JGBs at the Tokyo re-open, as Japanese participants return after the elongated Tokyo weekend.

  • The latest round of BoJ fixed rate operations (which aim to enforce the upper end of the Bank’s permitted -/+0.25% 10-Year JGB yield trading band) headline the domestic docket on Monday, with a lack of notable domestic data evident ahead of the Tokyo holiday that will be observed Tuesday through Thursday (which may inhibit activity during Monday dealing, after any early early holiday-related adjustments).
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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