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A Touch Lower, Rinban Optics Mixed

JGBs were offered during the Tokyo morning, owing to the New York impetus in U.S. Tsys, with futures finishing the morning 8 ticks below settlement levels, hugging a tight range. Yields generally cheapened at the margins.

  • The latest round of BoJ Rinban operations saw the purchase sizes of the buckets covering 1-10 Year paper unchanged, with offer/cover ratios as follows:
  • 1-3 Year: 2.75x (prev. 1.56x)
  • 3-5 Year: 3.23x (prev. 3.48x)
  • 5-10 Year: 2.66x (prev. 3.17x)
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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