Free Trial

A Bounce

JGBS

JGB futures were bid in the final overnight session of last week, going out 19 ticks stronger vs. Tokyo settlement levels. Dynamics in the U.S. Tsy market were likely aided by some looking to a continuation of broader policy settings despite an early end to PM Abe's final term, which will have been emboldened by weekend reports pointing to LDP factions throwing weight behind the current Cabinet Suga in the race to become new PM (see the earlier flagged MNI Analysis piece for more colour on the matter). This came after Friday's Tokyo session saw pressure from the sell off in the U.S. Tsy space, breakdown of the latest round of Rinban ops and worry surrounding PM Abe's resignation.

  • 1-5 Year BoJ Rinban ops, as well as local retail sales and industrial production data headline the Japanese docket on Monday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

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.