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Tight

JGBS

Little movement in the space, with broader macro headline flow limited. Futures hit the lunch break 2 ticks above yesterday's settlement levels, while cash JGB yields were marginally mixed across the curve.

  • Comments from BoJ Governor Kuroda reaffirmed a sense of caution and worry re: downside risks to the economy, while the Governor provided no deviation from the Bank's broader view re: ETF purchases.
  • Elsewhere, Finance Minister Aso highlighted that the government needs to monitor JGB yields in case of a sudden jump (likely alluding to the broader reflation theme evident in global markets at present), while noting that it is hard to outline an appropriate level of outstanding national debt.
  • 5-Year JGB supply headlines locally this afternoon.
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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