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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.
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JGB futures were ultimately little changed overnight, closing +1, holding to a tight range, with 2-way flow seen in U.S. Tsy markets during that time, as US FI unwound its early losses.
- Kyodo sources have noted that the latest Japanese supplementary budget will result in an additional Y22.4tn worth of JGB issuance. Participants continue to eye the split of the additional issuance burden, in terms of maturity.
- Elsewhere, PM Suga noted that the country's Go To travel campaign will be suspended between Dec 28 and Jan 11, owing to the local COVID-19 situation. This comes as Suga continues to feel the pressure from his slide in the opinion polls.
- Little of note on the local docket on Tuesday, with 6-Month bill supply and a liquidity enhancement for off-the-run 5-15.5 year JGBs due.
To read the full story
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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.