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Curve Twist Flattens A Touch

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JGBS: Shorter & longer dated JGBs outperformed the body on Tuesday, with a
smooth liquidity enhancement auction supporting JGBs despite the risk off flows
that were seen elsewhere on the back of Chinese President Xi's address at the
Boao forum.
- BoJ Gov. Kuroda is due to speak in early London hours, with Japanese PPI & BoJ
Rinban ops covering the 1-10 Year buckets also due.
- Barclays suggest that "today could see sellers initially take the upper hand
after US Tsy yields and share prices rose overnight."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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