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Semi-Government Bond Purchase Offer Details


ACGB Apr-24 Under Pressure


Futures Off Lows Overnight


CPI In The Spotlight

Futures Give Back Light Gains


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.