Free Trial
BOJ

REPOST: Fixed Rate Operation Offer

CHINA RATES

China Repo Rates Fall on Monday

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
JGBS

JGBs futures extended on a modest morning uptick after the BoJ provided no surprises, leaving its monetary policy settings unchanged, alongside a mark higher in its inflation expectations, mark lower in immediate GDP forecast and changes to language that reflected those dynamics e.g. inflation expectations have risen. Note that the central mantra of the Bank’s monetary policy outlook remains unchanged, as it reiterated its forward guidance (including the dovish bias within), while it flagged the risks that commodity prices and swings in FX movements pose to inflation.

  • Elsewhere, local press reports pointed to PM Kishida reshuffling his cabinet in September, which isn’t a new idea.
  • JGB futures have nudged away from best levels ahead of the close, aided by the resumption of gas flows through the Nord stream 1 pipeline that runs between Russia & Europe. The contract is +!0 last, while cash JGBs run little changed to 2bp richer on the day, bull flattening.
  • National CPI data and a liquidity enhancement auction for off-the-run 5- to 15.5-Year JGBs.
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

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.