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The broader risk-on tone has weighed on JGBs...>

JGBS: The broader risk-on tone has weighed on JGBs during early afternoon trade,
with futures moving further away from key resistance to trade 2 ticks lower at
writing. The Nikkei 225 has moved into positive territory since trading resumed
after lunch.
- Yields out to 10 years now trade around unchanged levels, which has promoted
some twist flattening of the curve as super-long paper continues to outperform.
- A soft Nikkei manufacturing PMI print had provided support earlier in the day.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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