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Some Support For Longer End

JGBS

JGB futures hit the lunchbreak -6 vs. Friday's settlement after briefly unwinding overnight losses during the Tokyo morning. Cash JGBs were marginally mixed out to 5-Years, firming further out, with 30s leading the way, richening by ~2.5bp during morning trade. The summary of opinions from the BoJ's March meeting revealed little in the way of fresh information (as expected), while the JPY supply pipeline built as Berkshire Hathaway mandated for a round of benchmark bond issuance.

  • Speculation surrounding the cumulative flow from the Japanese investor base continues to garner interest ahead of Japanese FY end.
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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