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The morning session saw futures shunt higher...>

JGBS
JGBS: The morning session saw futures shunt higher on the back of Thursday's BoJ
source piece from the Nikkei, with the contract adding 37 ticks come the
lunchbreak (a little off highs), while the belly outperforms on the curve, as
swap spreads trade mixed, after lagging early on.
- The latest 10-25 Year BoJ Rinban ops saw an uptick in the offer/cover ratio
for the 10-25 Year bucket, while cover for the 25+ Year bucket held steady.
Spreads for both ops tightened. Purchase sizes across the buckets were left
unchanged.
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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