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The JGB curve twist-steepened on Friday,.......>

JGBS
JGBS: The JGB curve twist-steepened on Friday, moving higher in early dealing on
the back of JPY strength & equity weakness resulting from US-China trade war
escalation worry.
- Longer dated paper underperformed in the afternoon session, with shorter dated
paper being supported by the BoJ's Rinban operations.
- Focus today will fall on the BoJ's Rinban operations.
- Barclays believe that "today could see buyers initially take the upper hand
after overseas yields fell, the JPY strengthened and equities weakened in the
wake of US employment data at the end of last week. The BoJ is scheduled to hold
buying operations for 5-10 Year and 10+ Year issues today. This week's other
highlights include a liquidity enhancement auction for 5-15.5 Year issues on
Tuesday and a 30-Year JGB auction on Thursday."
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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