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Futures Breach Resistance

JGBS

JGB futures proved to be a little more resolute than their U.S. Tsy counterparts during after-hours trade, finishing +9, rebounding from the dip that was witnessed during NY hours, although failing to retest the overnight peak (which coincided with a break through initial technical resistance).

  • 10-Year JGB yield dynamics around the 0% point will continue to be eyed.
  • A reminder that local news reports have pointed towards the Japanese government extending its job subsidy scheme through the end of '21.
  • Monthly trade balance data and the latest round of BoJ Rinban operations (covering 1- to 10-Year JGBs) headline the local docket today.
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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