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The final overnight session of last week saw...>

JGBS
JGBS: The final overnight session of last week saw JGB futures trade in a
relatively sidewards fashion, finishing 6 ticks higher vs. Tokyo settlement.
- After hours on Friday Japan's government left its overall economic assessment
unchanged, but cut its assessment of the labour market.
- Early focus this week will likely fall on a Nikkei story which has noted that
Japan is mulling an increase of 40-Year bond issuance in FY2020 (by several
hundred billion yen). The report also noted that the government will discuss
whether 5- & 10- Year issuance needs to be reduced if 40-Year issuance is
lifted. This may provide some steepening pressure on the curve.
- BoJ Rinban ops covering 1-5 & 10-25+ Year JGBs headlines the local docket
today.
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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