Free Trial

Core FI Rangebound Ahead Of BoJ Decision

BOND SUMMARY

T-Notes range bound in early trade, last seen -0-01 at 132-10+, with little to rock the boat in the way of latest headline flow. The longer end of cash Tsy yield curve has edged higher. Eurodollar futures run unch. to +0.5 tick through the reds. A CNN reporter noted that Sen. Manchin "wants the infrastructure bill split up into two packages to increase the chances of getting bipartisan support." As a reminder, the FOMC monetary policy meeting gets underway today, with decision announcement scheduled for Wednesday.

  • JGB futures have eased off a tad, as we await the BoJ's latest monetary policy decision & outlook report. The contract last sits at 151.43, 5 ticks shy of Monday's settlement. Cash JGB yields are mostly a touch lower across the curve.
  • In Australia, YM trades unch., while XM trades +0.5 after erasing its initial uptick. Cash ACGB yields are broadly lower, while bills trade unch. to -1 tick lower through the reds. The local docket remains light ahead of Wednesday's CPI report.

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.