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Curve Steepens A Touch, Futures Breach Overnight Lows Then Bounce

JGBS

JGBs run little changed to 1bp cheaper as the longer end comes under light pressure post-Powell, while JGB futures breached their overnight lows, before bouncing off worst levels to trade -11 at typing, in line with their overnight close. Local headline flow remains light, with BoJ Rinban operations covering 1- to 25-Year JGBs due imminently.

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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