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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.
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Free AccessFutures finished the session +22 ticks (7......>
JGBS: Futures finished the session +22 ticks (7 ticks off highs), curve bull
flattened & long-end swaps tightened. JGBs drew early support from the uptick in
Coronavirus cases aboard the quarantined ferry off Yokohama. Early domestic data
releases saw weak household spending alongside cash earnings that met exp.
- A negative session for domestic equities also provided some support.
- Elsewhere, PM Abe instructed the government to take "all necessary steps" to
mitigate the impact of the coronavirus outbreak on the economy, including the
tapping of budget reserves.
- The BoJ left the size of its 1-10 Year & JGBi Rinban ops unchanged, details
below:
- 1-3 Year: offer/cover: 1.17x (prev. 2.67x) avg. spread -0.010 (prev. 0.007)
- 3-5 Year: offer/cover: 2.78x (prev. 2.77x) avg. spread -0.008 (prev. 0.004)
- 5-10 Year: offer/cover: 1.91x (prev. 1.99x) avg. spread -0.016 (prev. 0.004)
- JGBi offer/cover: 4.99x (prev. 6.22x) avg. spread -0.059 (prev. -0.127)
- The breakdown of the 1-10 Year ops provided further support in the afternoon
session.
To read the full story
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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.