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JGBS

JGB futures unwound their overnight losses during the Tokyo morning, but have nudged lower again in early afternoon trading, to last print -4, while yields are little changed across the cash curve. Participants looked to the potential for wider COVID-related restrictions in regions surrounding Tokyo (per local newswire reports) in what proved to be a relatively light session for news flow. Elsewhere, the latest comments from BoJ Governor Kuroda didn't offer anything new. The latest liquidity enhancement auction, which covered off-the-run 5- to 15.5-Year JGBs, passed smoothly.

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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