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The Belly Lags

JGBS

The broader offshore market dynamic and lack of impending long dated JGB issuance made for some outperformance for the longer end of the curve during morning trade, although futures still operated within a narrow range, hitting the bell 3 ticks below Tuesday's settlement levels, with the belly of the cash curve experiencing some underperformance. There has been a lack of local news flow to drive matters.

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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