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Weakness In Futures In Early Afternoon Trade

JGBS

JGB futures now trade -13 ticks, with fresh weakness coming in during early afternoon dealing. There hasn't been much in the way of obvious catalysts to trigger such a move. A warning from Nomura re: the potential for further futures selling from foreign CTA-like accounts owing to long positioning, inflation breakeven dynamics & speculation that the BoJ may lift its immediate inflation forecasts has done the rounds and may explain the weakness.

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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