Lead 10-year JGB futures open flat as players are cautious before major events due later this week, including the FOMC outcome due Wednesday and Sunday's general elections in Japan; the contract is currently down 0.01 at 144.70. "Given hopes for monetary easing, which is expected to be even more aggressive after next April, and continued concerns over the global economic outlook, JGBs are holdings high price levels," says Deutsche Securities strategist Makoto Yamashita. 10-year cash bonds have yet to change hands; the yield stood at 0.695% at Monday's close.
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