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The JGB 10-Year opened Tokyo at 150.53, down...>

JGBS
JGBS: The JGB 10-Year opened Tokyo at 150.53, down from yesterdays close but
yesterday's Tokyo session did see weekly highs, on this session the 10-Year JGB
dipped lower to 150.49 after Japan September Official Reserve Assets came in
slightly lower, $1266.3bln from $1268bln prior and dipped again when BOJ
outright purchases came in very well covered, suggesting some are prepping for
next weeks auction, purchases took the JGB 10-Year contract down 9 ticks, cover:
5-10 Years 3.02x, (prev. 2.73x,) 10-25 Years 3.59x (prev. 2.61) and 25+ Years
4.45x (prev. 3.11x.) The 10-Year JGB was last at 150.41.
- On the overnight the JGB 10-Year moved parallel to U.S Tsy's dipping after
lower-than-expected 260K initial weekly jobless claims & firm 1.2% Aug. factory
new orders. Tsys hurt amid SF Fed Williams' caution that US real estate and bond
prices near all-time highs amid low US rates; Phil Fed Harker: US is at "maximum
employment" (Bloomberg). 
- The JGB yield curve has steepened on BOJ purchases, the 10-Year last up 1.2bp
and the super long 40-Year last up 0.6bp.

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