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Tokyo Returns To Market, BoJ Rinban Due

JGBS

Tokyo returns to market today, after enjoying an elongated weekend.

  • There hasn’t been much in the way of market shifting domestic news since Friday’s close, with press reports flagging the potential for an extension of border restrictions through the end of February, in addition to additional source reports suggesting that the BoJ may lift its FY22 inflation outlook.
  • When it comes to offshore input, despite all of Monday’s gyrations, U.S. 10-Year yields are ultimately little changed vs. the time when JGB futures closed ahead of the elongated weekend (the contract was 7 ticks lower come the end of the final overnight session of last week).
  • BoJ Rinban operations covering 1- to 3- & 5- to 10-Year JGBs headlines the local docket on Tuesday.
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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