FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Futures Holding In Positive Territory, US CPI Due, Heavy Local Calendar Tomorrow

JGBS

JGB futures sit mid-range, +5 compared to settlement levels, after dealing in a relatively narrow range during the Tokyo session.

  • There hasn’t been much in the way of domestic drivers to flag, outside of the previously outlined PPI and Tankan survey data.
  • Beyond the 1-year, the cash JGB curve has bull-flattened, with yields 0.1bp to 4.1bp lower. The benchmark 10-year yield is 0.5bp lower at 0.706% versus yesterday’s post-YCC tweak high of 0.722%.
  • Today’s BoJ Rinban operations seem to have offered some bolstering influence on longer-dated JGBs. This comes after the operations saw a negative spread and a marginally diminished offer cover ratio for the JGBs with a maturity period exceeding 25 years.
  • The swap curve has twist-flattened, pivoting at the 7s, with rates 0.8bp higher to 3.5bp lower. Swap spreads are wider throughout the curve.
  • Tomorrow the local calendar sees International Investment Flow, Core Machine Orders, Industrial Production and Capacity Utilisation data, along with 20-year supply.
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.