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.
Note that the latest round of weekly data released by the JPX revealed that foreign investors were net buyers of JGB futures in the week ending 24 June, breaking a string of 3 consecutive weeks of net weekly sales. Still, the 4-week rolling sum of the measure remains comfortably within negative territory. Note that last week’s net bond purchases only accounted for ~33% of the net sales observed over the previous 3 weeks. The net purchases suggest that foreigners started to undertake short covering after the BoJ stood firm against the recent challenge of its YCC parameters (which the foreign investment community clearly participated in). All indications are that the wider foreign investor base remains net short.
Fig. 1: Net Weekly Foreign Investor Flows In JGB Futures (Contracts)
Source: MNI - Market News/JPX/MNI - Market News
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.