-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessFutures Back At Overnight Lows, Opening a Solid Gap With The Recent High
JGB futures move back to overnight lows in early Tokyo trade, -10 versus settlement levels.
- Weekly investment flow data for the week of May 19 showed strong foreign inflows into Japan bonds, ¥1105.7bn, similar to last week's pace of ¥1075.3bn. Japan residents' buying of offshore bonds was also firm, coming in at ¥964.7bn, only slightly down on the prior week's pace.
- JGB futures corrected lower on Tuesday, opening a solid gap with resistance at 149.17, the recent high. Nonetheless, the strong recovery in JGB futures from 147.27, the Apr 18 low, confirms the corrective nature of the recent pullback, according to MNI’s technical team. This keeps medium-term attention on 149.53, the March 22 high and the bull trigger.
- Cash JGBs are trading mixed in early Tokyo trade with yield movements ranging from -0.9bp lower (40-year) to 1.1bp higher (7-year). The benchmark 10-year yield is 0.6bp higher at 0.420%, below the BoJ's YCC limit of 0.50%.
- The 40-year zone is outperforming with its yield at 1.435% ahead of supply today. The sale of 40-year debt is expected to go smoothly supported by life insurers’ plans to increase holdings of domestic bonds this fiscal year. Results are due at 0435 BST/1235 JST.
- The swaps curve bear steepens with swap spreads wider beyond the 1-year zone.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.