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Renewed Weakness As BoJ Stays On Sidelines

JGBS

JGB futures post a downtick amid no signs of BoJ action re: upward pressure on yields generated by Tuesday's round of hawkish Fedspeak. There was speculation that Japan's central bank could announce unscheduled bond purchases but it has stayed on the sidelines for now.

  • JBM2 last changes hands at 149.40, 36 ticks below previous settlement and 2 ticks above their earlier session low. Cash JGB yield curve runs steeper amid broad-based weakness in the space.

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