Free Trial

Futures Hit Fresh Week To Date Lows Ahead Of BoJ

JGBS

JGB futures have opened with an offered tone, the Sep contract hitting a fresh week to date low at 147.93, -15, sitting a touch higher, 147.95, at the time of writing. Some spill over is evident from TYU3, which is sitting slightly lower, last 113-14, compared with the first part of the session. Cash US tsys have also opened cheaper across the major benchmarks.

  • For cash JGBs, yields are slightly higher, the 10yr back to 0.436%. The 7yr is seeing the strongest yield rise, 1.5bps to 0.233%.
  • In the swap space, yields are higher across the benchmarks. The 10yr back to 0.6080%, close to highs for the week.
  • This comes ahead of the BoJ decision later, which is expected any time from 03:30BST onwards.

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.