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LOCKED Japan Update – February 13, 2019

Spreads Narrow as BoJ Cuts 10-25 Year Operation  Traders were aggressive buyers of long-dated JGBs over the past few trading sessions. The January 20-year, 30-year and 40-year JGB auctions were very strong and traders continued to purchase long-dated JGBs aggressively, forcing the Bank of Japan to reduce the size of its buying operation in the 10-years to 25-years maturity range.   As you can see […]

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