JGBs are likely to open higher, following sharp gains in U.S. Treasurys Friday; though some profit-taking may cap the upside for JGBs in early trade, the benchmark 10-year cash JGB yield will likely breach below the 0.8% mark eventually, says Tokai Tokyo Securities chief strategist Kazuhiko Sano. Lead June JGB futures are tipped in a 143.92-144.11 band Monday vs 143.82 at Friday's close, while the 10-year yield is tipped in a 0.785%-0.800% band vs 0.805%.
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