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Softer On Global Cues

JGBS

JGB futures were not immune to the broader sell off in core FI that became evident during overnight trade, post-Powell, with the contract taking out Tokyo lows in the process, but still remaining comfortably above last week's multi-year lows.

  • Our latest insight piece, published on Thursday, flagged our policy team's understanding that "the Bank of Japan may step back from publishing the frequency of its longer-dated bond buying operations, leaving the operational timing to the Financial Markets department as it seeks to meet the Board's intention of slightly steepening the longer-end of the curve."
  • 1-10 Year BoJ Rinban operations headline the local docket on Friday.
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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