© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Futures Close To Mid-October Highs

JGBS
BulletMarketsFixed Income NewsHomepage

Futures sit at 145.49, +.87 at the lunch time break, just below session highs (145.50). We are closing in on mid October highs at 145.63. A break above this level is likely to see round figure resistance at 146.00 targeted. From there, clearance of 146.41, the Sep 4 high would highlight a base in futures and a possible more meaningful short-term reversal.

  • In the cash JGB space, sharp yield losses have continued. The 10yr to 0.78%, off 8bps, while the 20-40yr tenors are seeing slightly larger yield losses (-9bps).
  • In the swap space, the 10yr is sub 0.95%, off 5bps.
  • Added impetus has come from the earlier Q3 GDP miss, which was particularly disappointing from a domestic demand standpoint.
  • The BOJ bond buying ops totaled ¥1.25trln.
125 words

To read the full story

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.

Futures sit at 145.49, +.87 at the lunch time break, just below session highs (145.50). We are closing in on mid October highs at 145.63. A break above this level is likely to see round figure resistance at 146.00 targeted. From there, clearance of 146.41, the Sep 4 high would highlight a base in futures and a possible more meaningful short-term reversal.

  • In the cash JGB space, sharp yield losses have continued. The 10yr to 0.78%, off 8bps, while the 20-40yr tenors are seeing slightly larger yield losses (-9bps).
  • In the swap space, the 10yr is sub 0.95%, off 5bps.
  • Added impetus has come from the earlier Q3 GDP miss, which was particularly disappointing from a domestic demand standpoint.
  • The BOJ bond buying ops totaled ¥1.25trln.