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The bid tone evident in U.S. Tsys during.......>

JGBS
JGBS: The bid tone evident in U.S. Tsys during European & NY hours spilled over
into JGB futures during the overnight session, as they added 14 ticks to the
Tokyo settlement.
- As a reminder, the belly of the curve outperformed yesterday in the wake of
Tuesday's 10-Year auction/Rinban-inspired sell-off.
- We are set to hear from BoJ's Funo. Funo isn't one of the dissenting voices at
the Bank, so we should probably expect a reiteration of the party-line held by
the BoJ. Elsewhere the Japanese weekly international security flow data will be
eyed, as will a liquidity enhancement auction for off-the-run 15.5-39 Year JGBs.
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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