Free Trial

Coiling In The Morning

JGBS

Little to really flag during morning trade, with futures hitting the bell -5 vs. yesterday's settlement after a little look lower early on. The belly saw some modest cheapening, while the wings of the curve richened at the margins.

  • Japanese CPI data for January was virtually in line with expectations, and wasn't as soft as the readings witnessed in December,
  • The latest round of BoJ Rinban ops saw the purchase sizes left as they were, while the details revealed the following offer/cover ratios:
  • 1-3 Year: 2.57x (prev. 3.31x)
  • 3-5 Year: 2.89x (prev. 3.14x)
  • 5-10 Year: 2.09x (prev. 2.40x)
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.