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10-Year JGB Supply & Comments From BoJ Dove Due

JGBS

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 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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