March 16, 2023 01:44 GMT
Futures Continue To Tick Away From Overnight Highs, Macro Matters In Focus
JGB futures have continued to nudge away from their post-Tokyo peak, with news that Credit Suisse is entering a liquidity facility pact with the SNB providing a spurt of downward pressure. The contract is off worst levels after some post-headline vol., +73. Wider cash JGBs currently sit 4-11bp richer, with 7s outperforming on the futures bid witnessed since yesterday’s Tokyo close. 10-Year JGB yields are back to ~0.30% after threatening the 0.25% mark at the open. Wider matters continue to dominate when it comes to market gyrations, with meaningful domestic headline flow non-apparent thus far.