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Futures A little Below Settlement Levels

JGBS

JGB futures traded as a function of U.S. Tsy price action after Tokyo settlement, with the contract ultimately shedding 6 ticks in overnight dealing, going out a little above worst levels. Note that U.S. Tsy futures are marginally below their late NY levels, which may apply modest pressure at the Tokyo re-open.

  • The BoJ left its May Rinban plan unchanged vs. April, matching expectations.
  • Q1 capex & corporate profit data headline Wednesday’s local docket. We will also get comments from BoJ Deputy Governor Wakatabe.
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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