Free Trial

ACGBs Lead Bid In Wider Core Global FI

BONDS

ACGBs lead a broader bid core in global FI markets in recent dealing, with XM futures & cash 10s now fully reversing the cheapening witnessed since the start of trade on 20 Dec. There could be a technical element related to that move aiding the bid. The sharpness of the move in ACGBs points to a flow element (although nothing sizable has been noted on the flow side) more than spill over from Wednesday’s firming in wider core global FI (which was facilitated by pre-U.S. CPI setup, Fedspeak, cautious comments re: QT from an ECB hawk and a dovish MNI sources piece). U.S. Tsys are also firmer, with TY futures retesting their Wednesday peak, while JGBs have stabilised a little off session cheaps after the latest round of BoJ speculation in the local press weighed on JGBs & Tsys in early Tokyo dealing.

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.