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JGBS

Early Tokyo trade sees JGB futures add to the overnight weakness that was a function of the move in U.S. Tsys, with futures -10 ticks vs. settlement, while cash JGBs sit up to 0.5bp cheaper across the curve.

  • Locally, the latest round of Tokyo CPI data and the monthly labour market report beat exp. at the margins, while the degrees of decline in the latest round of flash industrial production data met broader expectations.
  • BoJ Rinban operations covering 3-10 & 25+ Year JGBs headline during the remainder of the local session, with the Bank set to release its February Rinban outline after hours. There is some speculation that the Bank may decide lower the boundaries of its 3-5 Year JGB purchase sizes.
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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