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Futures Hold In Positive Territory, Little Movement In BoJ Rinban Details

JGBS

Little to build on re: futures and yields since our previous bullet, with futures going into the break 4 ticks above settlement levels.

  • BoJ 1-3 & 5-10 Year Rinban ops saw steady purchase sizes. 1-3 Year ops saw an uptick in the cover ratio and a slight widening of spreads vs. prev ops in the bucket, while the 5-10 Year ops saw a steady cover ratio and slight widening of the spreads (although spreads covering those ops were still negative).
  • Finance Minister Taro Aso was the latest official to push back against the idea of a sales tax cut.
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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