JGB Futures Fall, Tracking Declines in U.S. Treasury Market
0010 GMT — JGB futures fall in the early Tokyo session, tracking Friday's price declines in U.S. Treasury market. Both JGBs and Treasurys tend to move in tandem. There's a liquidity-tap auction on Thursday, where super-long supply-demand picture will likely stay in focus, two members of Barclays' FICC Research say in research report. 'The results of the auction could help to confirm whether short-covering has run its course,' they say. Japan's Finance Ministry is scheduled to offer about 450 billion yen of outstanding 20-, 30- and 40-year JGBs on Thursday. JGB 10-year futures are 0.19 yen lower at 139.16 yen. (ronnie.harui@wsj.com)
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