Free Trial

Futures Give Back Light Gains

JGBS

JGB futures gave back their early, modest gains as they finished the morning session 3 ticks below settlement levels, with some light underperformance creeping into the belly of the cash curve.

  • Finance Minister Aso offered little new, as he pointed to the need to revitalise the economy and focus on seeking a balanced budget.
  • In terms of Rinban ops, the latest round of 5-10 Year purchases saw a moderation in the offer to cover ratio (down to 1.72x) and a tightening of the spreads the ops were conducted at.
  • Little to look to on the afternoon docket, outside of 3-Month bill supply.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.