MNI BRIEF: Williams Is Confident Fed Getting Inflation Back To 2%

MNI China Daily Summary: Monday, July 1

MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

Bundesbank SA Suggests Core / Services Momentum Slowing

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Futures Holding At Overnight Closing Levels, Light Local Calendar

JGBS

In Tokyo morning trade, JGB futures are holding near the overnight closing level, -32 compared to settlement levels.

  • With the local calendar light today, the domestic market appears to be drifting with US tsy dealings in today’s Asia-Pac session. US tsys are currently little changed after a modest cheapening yesterday.
  • JGB futures have generally traded higher this week. According to MNI’s technicals team, topping initial resistance at 146.52, the Dec 7 high, is bullish and opens resistance at 147.27 further out, the Dec 06 high and 148.74, the Jul 24 high. 143.44, the Oct 31 low, marks key support and a medium-term bear trigger. Initial support to watch is at 144.60, the Dec 11 / 8 low.
  • The cash JGB curve has bear-steepened, with yields flat to 4.7 bps higher. The benchmark 10-year yield is 2.4 bps higher at 0.619% versus the recent rally low of 0.555% set on 20 Dec.
  • The swaps curve has also bear-steepened, with swap spreads wider to the 5-year and tighter beyond.
  • A reminder that Japanese markets are closed Monday, Tuesday, and Wednesday next week.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.