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Futures Hold Early Bid

JGBS

JGB futures hit the lunch bell +26, with the early uptick holding. Wider cash JGBs run little changed to 2.5bp richer across the curve, with 7s leading the bid, outperforming on the back of the bid in futures. A reminder that weakness in domestic equities and the wider defensive flows observed since Monday’s Tokyo close seemed to be the supportive factors for the space.

  • The most notable round of domestic headline flow came from Finance Minister Suzuki, who seemingly showed greater outward worry re: the recent run of JPY weakness, at least when compared to previous communique on the matter.
  • 5-Year JGB supply headlines domestic matters this afternoon, while Suzuki is set to meet with his U.S. counterpart Yellen.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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