Free Trial

Firmer Despite Rinban Tweak From BoJ

JGBS

JGB futures reclaimed the 152.00 level, closing +15 on the day, just shy of best levels of the session, as participants looked to local COVID-19 worry (with growing chances of a state of emergency being declared in the coming days) and steady to softer offer/cover ratios in the latest round of BoJ 1-10 Year Rinban ops for support (even as the Bank bought Y50bn less of 1-3 Year paper vs. prev., in a move which was at least partially telegraphed by the tweaks to the limits of the relevant purchase band in the Bank's January Rinban outline).

  • 10-Year JGB supply headlines locally on Wednesday.
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.