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Tight, Cheaper At The Margin

JGBS

A sedate session for JGBs, with the pressure in the U.S. Tsy space seemingly applying some modest weight here, leaving cash JGBs little changed to ~0.5bp cheaper across the curve, while futures print 3 ticks below yesterday's settlement level. There was little to note on the domestic front, outside of softer than expected Q1 CapEx data re: Japanese corporates & continued chatter surrounding the viability of the Tokyo Olympics.

  • BoJ Rinban operations covering 1- to 5- & 25+-Year JGBs headline the local docket on Wednesday.
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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