Free Trial
USDJPY TECHS

Corrective Bounce Still In Play

PIPELINE

$3.2B Duke Energy 3Pt Launched

EURGBP TECHS

Holding On To Recent Gains

AUSSIE 3-YEAR TECHS

(U2) Still Above Key Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

5-Year JGB Supply Sees Mixed Details, Smooth Enough Absorption

JGBS

5-Year JGB supply was absorbed smoothly enough, with the low price matching broader estimates (as proxied by the BBG dealer poll), while the price tail saw a very modest widening, although remained tight in the grander scheme of things. Things were a little softer on the cover ratio side, with the bid/cover moving to the lowest level observed at a 5-Year JGB auction since the COVID-induced vol. of early ’20 (likely on the well-documented market functioning issues). JGB futures and cash 5s sit a touch firmer than levels observed at the time of the Tokyo lunch break.

97 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

5-Year JGB supply was absorbed smoothly enough, with the low price matching broader estimates (as proxied by the BBG dealer poll), while the price tail saw a very modest widening, although remained tight in the grander scheme of things. Things were a little softer on the cover ratio side, with the bid/cover moving to the lowest level observed at a 5-Year JGB auction since the COVID-induced vol. of early ’20 (likely on the well-documented market functioning issues). JGB futures and cash 5s sit a touch firmer than levels observed at the time of the Tokyo lunch break.