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40s On Deck

JGBS

JGB futures firmed overnight, although the contract showed nothing in the way of reaction to the late (modest) NY cheapening in the U.S. Tsy space, with the contract closing the session +7 vs. Tokyo settlement levels.

  • In terms of local matters, the Nikkei has reported that Japan is set to extend its employment subsidy scheme through the end of July.
  • 40-Year JGB supply headlines the local docket on Thursday, with some desks pointing to little need for pre-auction position adjustment given recent moves in the space.
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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