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Free AccessFutures Can't Test Friday Lows, JGB Yields Tick Higher
JGB futures remain within recent ranges in the first part of Monday dealing. The September future last 144.54, -.18 versus settlement levels.
- We did have an early dip to 144.51, but we couldn't test sub Friday lows, just under this level.
- Outside of the earlier Capex data, which point to positive Q2 GDP revisions (due next Monday), news flow has been light. US Tsy futures volume is very light ahead of the Labor Day holiday later.
- In the cash JGB space yields have ticked higher, the 10yr back above 0.91%, while the 30 and 40yr tenors are up over 2bps in yield terms.
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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.