Free Trial

Futures Hold Losses At The Break, 3 month Supply Soon


JGB futures have maintained familiar ranges post the early dip. We sit at 146.48, -.27 at the break. Pre break highs were at 146.56, against earlier lows 146.42.

  • The bias in US Tsy futures has been to the downside as the session has progress, although we aren't yet sub Thursday lows.
  • Fresh macro drivers for JGBs have been absent post the earlier CPI data and onshore bank warning around a potential BOJ shift in January.
  • Cash JGB yields sit 4bps higher in the 10yr space, last at 0.623%. We have seen larger yield gains in the 20-40yr tenor. 10yr swap rates sit at 0.83%.
  • Still to come is 3 month supply, and the enhanced liquidity auction.

To read the full story



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.