Nikkei and JGBs dip after GDP shrinks sharply

RTRS- JGBs dip in early trading, with weaker Treasuries and supply concerns outweighing data showing the Japanese economy in Q4 shrank the most since 1974. March 10-year futures drop 0.16 point to 139.20, after Treasuries fell on Friday in wake of a post-refunding sell off.

GDP numbers showed, Japans econamy shrank sharply in the fourth quarter. It shrank 3.3%, the biggest quarterly drop since 1974.

The nikkei down 0.75% with exporters such as Canon hit.