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Coming Back After A Long Weekend

JGBS

JGB markets return after the elongated weekend, with PM Suga's approval rating on the slide on the back of the domestic COVID/Olympics situation.

  • U.S. Tsy yields were higher at Friday's close vs. levels witnessed at the final Tokyo close of last week, with the long end of the U.S. Tsy curve cheapening by ~5.0bp over that horizon.
  • Locally, preliminary PMI data headlines the docket on Monday, although participants will be cognisant of the proximity to Tuesday's 20-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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