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The JGB curve bear-steepened on Thursday, as...>

JGBS
JGBS: The JGB curve bear-steepened on Thursday, as risk on flows weighed on the
space after the uptick in US Tsy yields on Wednesday.
- The soft liquidity enhancement for super-long paper added further pressure to
longer-dated paper during afternoon dealing.
- Barclays suggest that "today could see sellers initially take the upper hand
given the overnight rise in US yields and ongoing risk-on mood in the markets.
The BoJ is scheduled to hold buying operations in the sub-1y and 1-5y sectors.
With the global recovery in risk sentiment and continued bear-steepening in
overseas rates, bear-steepening pressures will likely continue in the JGB market
as well." Although this of course came before the recent Trump-China tariff
headlines.
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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