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Twisting Flatter

JGBS

JGB futures generally tracked the broader impetus in core global FI markets as Tokyo participants found their feet after yesterday’s holiday. That left the contract off worst levels at the lunch break -5 vs. Wednesday’s settlement. Wider cash JGB trade has seen the curve twist flatten with the major benchmarks running 1bp cheaper to 1bp richer, pivoting around 10s, after the long end more than reversed its modest early losses.

  • The only real domestic headline flow of note has crossed in the last few minutes, with Japanese PM Kishida revealing that he plans to hold a meeting to discuss ways to curb inflation, with the gathering set to take place this Monday. Rising food prices and wages will seemingly form the focal points of those discussions.
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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