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JGBS

JGB futures regained some poise in overnight dealing, but ultimately finished comfortably off of best levels, adding 5 ticks, largely following the gyrations witnessed in the U.S. Tsy space.

  • Note that 5-Year JGB yields are threatening to break back above the 0% level on speculation surrounding the potential for tweaks to the BoJ’s YCC scheme (even though BoJ Governor Kuroda has explicitly pushed back against the speculation in recent weeks).
  • An address from BoJ Governor Kuroda & BoJ Rinban operations covering 1- to 5- & 10- to 25-Year JGBs headlines the local docket on Wednesday.
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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