Free Trial

Curve Twist Steepens

JGBS

The belly of the JGB curve has outperformed this morning, richening by as much as ~1bp on the back of the softer than expected GDP print (business capex and consumer spending data both disappointed) and broader impulse in the core global FI space. Meanwhile, 20+-Year paper has cheapened on the back of issuance worries in the wake of the previously flagged Nikkei report which pointed to the potential for a larger than expected fiscal support package in Japan, resulting in some twist steepening on the curve. Futures +7 as a result of the firmer belly outlined above.

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.