Free Trial

Futures Back Away From Overnight Highs

JGBS

JGB futures hit the lunch break a little shy of best levels after failing to breach their overnight high during an early Tokyo move higher, sitting +15 at the break, while cash JGBs have bull flattened, running flat to 1.5bp richer across the curve.

  • 10-Year JGB yields print just shy of the BoJ’s tolerated +0.25% yield cap, although international participants are seemingly less willing to test the BoJ’s resolve re: YCC than they were in June (see earlier bullet for more on that).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.