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JGBS

The late NY dynamic & an early Asia squeeze higher in U.S. Tsys is permeating through to the JGB space, with JGB futures rallying further after the cash Tsy re-open/bid, last +19 on the day. Cash JGBs are little changed to 1bp richer on the day, with 7s outperforming on the bid in futures, while the long end lags on the back of the steepening dynamic observed on the U.S. Tsy curve since Wednesday’s Tokyo close and ahead of today’s 30-Year JGB supply.

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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