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(Z2) Corrective Bounce


(Z2) Key Resistance Is At The 50-Day EMA

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JGBS: The JGB curve steepened on Tuesday, with demand for shorter dated paper
evident throughout the session, while longer dated paper eased in the wake of
the 20-Year JGB auction, although the results of the auction were more
encouraging than April's offering.
- Today's focus will fall on the BoJ's Rinban operations covering the 1-5 &
10-25+ Year buckets.
- Barclays suggest that "today could see ranges trade across the curve in the
absence of any significant catalysts after US Tsys showed little price action
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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