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JGBS

JGB futures added 2 ticks overnight as U.S. Tsys firmed. This came after the contract had another test of the lows witnessed over the past couple of sessions. Focus today moves to BoJ Rinban ops covering 5-25 year JGBs, with 3-month bill supply also due. Looking ahead, press reports have suggested that the latest supplementary budget & subsequent JGB issuance scheme will likely be outlined and approved by Cabinet over the next couple of weeks.

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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