Eye On Spill Over From U.S. Curve Flattening

JGB market participants return from the mid-week holiday and will have to react to any cross-market impetus derived from the continued flattening of the U.S. Tsy curve since the previous Tokyo close, which could lend support to the longer end of the JGB curve.

• Note that PM Kishida has explicitly pushed back against the speculation surrounding an impending cabinet reshuffle, after press reports suggested such a move could be incoming in recent days.
• There hasn’t been much else in the way of meaningful domestic news flow to digest.
• Flash PMI data headlines the domestic docket today.