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The early underperformance in longer dated.....>

JGBS
JGBS: The early underperformance in longer dated JGBs gave way as we moved
through the Tokyo morning and futures corrected from worst levels, after bears
failed to force a break below yesterday's contact lows in futures.
- 2s-10s outperformed, with longer dated yields moving back towards neutral
during the session & shorter dated underperformance came to the fore.
- Futures last -2 ticks on the day.
- Local news flow has been limited with flow under more scrutiny following the
recent, sharp move lower in the space.
- Cash earnings data & 10-Year JGBi supply due Friday.
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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