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Short-end/belly supported after the BoJ........>

JGBS
JGBS: Short-end/belly supported after the BoJ purchase operatio came in
unchanged, futures last at session high of 150.93.
- Long end selling off, continuing sell off in overnight trade yesterday.
Sources note negative sentiment is being driven by the timing of the operation
for the 10+ Year purchases, will be on December 8 after the 30-Year auction.
- Data has been mostly ignored, Core CPI in line with estimates at 0.8%
annually, Jobless Rate steady at 2.8%, Non-Financial Firm Capex was higher than
expected at 4.2%, while Manufacturing PMI dipped slightly to 53.6, confirming
the weaker trend seen in Industrial Production data earlier this week.

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