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BUNDS

Far out put buyer

BRENT TECHS

(N1) Probes $70.00

HUNGARY

GDP Contracts 2.3% YoY In Q1

JGBS
JGBS: The JGB curve has continued to steepen in the wake of the latest 15.5-39
Year liquidity enhancement auction, which saw the tail widen, average spread
jump and the bid to cover ease.
- Futures have also moved lower but haven't challenged the session low as of
yet.
- The auction result perhaps points to some trepidation ahead of tomorrow's
longer dated BOJ Rinban operations after the BOJ trimmed the upper and lower
limits of the size of its purchases in the release of its October JGB buying
plan back on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com