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Fresh Cycle Lows For Futures

JGBS

JGB futures leaked lower overnight, aided by the apparent de-escalation surrounding the Russia-Ukraine situation. This resulted in a fresh cycle low for the contract, although it finished a touch above worst levels of the session, -13.

  • There hasn’t been much in the way of notable domestic headline flow observed since the Tokyo close, although local press reports have suggested that Japanese PM Kishida will cover the topic of border control easing in a Thursday address (such a move had been flagged by the press in recent days).
  • Wednesday’s local docket will be headlined by BoJ Rinban operations covering 1- to 3-, 5- to 10- & 25+-Year JGBs. Elsewhere, BoJ Governor Kuroda will appear in the Diet (again).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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