© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

MNI BRIEF: Fed Must Keep Higher Rate Through Next Year- IMF

MNI: Canada's 2022-23 Budget Deficit Is Near Forecast

MNI: TREASURY GENERAL ACCOUNT $38.8B MAY 25 VS $49.5B PREV DAY

MNI DATA FORECASTS: EZ Inflation, US Payrolls In Focus

EZ/UK Bond Supply Calendar: Italy BTP/CCTeu Auction on Tuesday

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Firmer & Flatter, 10s Extend Post-JGB Move

JGBS
HomepageBond Market NewsBulletMarketsFixed Income News

JGB futures have breached their overnight session high, with lower terminal rate pricing across the major global central banks in the wake of the SVB collapse dominating price action, as well as Tokyo catch up to Friday’s wider market moves.

  • The contract is +52 last, while cash JGBs run little changed to 6bp richer, flattening. 10-Year JGBs are printing around the 0.37% mark, also showing through Friday’s richest levels.
  • Swap rates are matching to outperforming the moves in JGBs, resulting in flat to tighter swap spreads across the curve.
  • The latest quarterly BSI survey saw a deterioration in the readings summarising the views of large firms, but global matters remain at the fore.
113 words

To read the full story

Why Subscribe to

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.

JGB futures have breached their overnight session high, with lower terminal rate pricing across the major global central banks in the wake of the SVB collapse dominating price action, as well as Tokyo catch up to Friday’s wider market moves.

  • The contract is +52 last, while cash JGBs run little changed to 6bp richer, flattening. 10-Year JGBs are printing around the 0.37% mark, also showing through Friday’s richest levels.
  • Swap rates are matching to outperforming the moves in JGBs, resulting in flat to tighter swap spreads across the curve.
  • The latest quarterly BSI survey saw a deterioration in the readings summarising the views of large firms, but global matters remain at the fore.