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Brief Show Below 152.00 Unwound Overnight

JGBS

JGB futures added 5 ticks overnight, looking to the cues from the U.S. Tsy space, which allowed the contract to unwind a shallow move below 152.00.

  • In local news, a Nikkei interview with an LDP Party official noted that "the government of new Prime Minister Yoshihide Suga and Japan's ruling coalition have begun discussing a fresh round of spending on coronavirus prevention and steps to pull Asia's second-largest economy out of recession, to be ready as early as this year. The stimulus package will be funded by Japan's third extra budget for the current fiscal year."
  • Elsewhere, local labour market data was virtually in line with consensus.
  • The BoJ will conduct 3-5 and 10-25 Year Rinban ops later today.
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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