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JGBs rally after officials hint at pension fund shift, strong auction

Japanese government bonds (JGBs) rallied on Tuesday after officials flagged possible changes to asset allocations of pension funds and as demand increased at a long-term debt sale. Here are a few details: the benchmark 10-year JGB yield slid 4.5 basis points (bps) to 2.740%. Yields move inversely to bond prices. [...]