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Curve Twist Flattens, Wage Data Weak

JGBS

A narrow morning for the futures contract, which hit the break -9 ticks vs settlement levels, while the cash curve saw some twist flattening, as the super long end was more concerned by the impending state of emergency declaration (details were outlined by COVID response chief Nishimura and met expectations that were a product of recent press reports), while the shorter end looked to the dynamic of global FI markets.

  • Elsewhere, local monthly wage data was much softer than expected, in both headline and real terms.
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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