Free Trial

10-Year JGB Supply & Comments From BoJ Dove Due


The light flattening impulse in U.S. Tsys seemed to support JGB futures in overnight trade, with the contract adding 7 ticks to Tokyo settlement levels come the bell.

  • Proximity to today's 10-Year JGB supply may temper the bid a little in early Tokyo hours, but we shall see.
  • Outside of the 10-Year auction Thursday will also bring the latest address from BoJ dovish dissenter Kataoka, following some downbeat comments from BoJ Deputy Governor Wakatabe re: Japan's economic performance on Wednesday. Wakatabe's comments have opened discussion surrounding the potential for a downgrade of the Bank's economic view at its next monetary policy meeting.
  • Elsewhere, the local COVID & political situations will continue to garner attention, although headlines surrounding these matters haven't seen much in the way of market reaction in recent weeks.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.