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The JGB curve flattened on Wednesday as........>

JGBS
JGBS: The JGB curve flattened on Wednesday as super-long paper outperformed. The
size of the BoJ's Rinban operations covering the 1-10 Year buckets was left
unchanged, with the offer to cover ratios holding steady across the board.
- Focus today will fall on the BoJ's accounts from its April MonPol decision.
Participants will be on the lookout for any insight behind the Bank dropping the
langauge re: achieving its 2.% inflation target around FY19, as well as any
further insight into the thinking of BoJ deputy Gov. Wakatabe.
- Participants will also eye the 10-Year JGBi auction.
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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