-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday
MNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
Futures Holding Weaker, Narrow Range, Tokyo CPI The Data Highlight Next Week
JGB futures are sitting weaker, trading in a relatively narrow range in afternoon Tokyo trade, -20 versus settlement levels.
- Apart from the April CPI, which was in line with expectations and showed the highest annual core rate since the early 1980s, there have been few significant domestic factors worth noting. The presence of strong inflationary data may lead to speculation about potential upward revisions to the BOJ's price projections. This, in turn, could redirect attention to the possibility of a monetary policy adjustment that could have implications for the bond market.
- Cash JGBs are cheaper across the curve in afternoon trade, apart from the 2-year zone which is 0.3bp richer. Yields beyond the 2-year zone are flat to 2.0bp higher with the 7-year zone leading. The benchmark 10-year yield is 1.7bp higher at 0.399%, with the 40-year yield 1.7bp higher at 1.442% ahead of next week’s auction (May 25).
- Swap rates are higher with the curve steeper and swap spreads narrower except for the 3-5-year zone.
- The economic data calendar highlight will be the release of Tokyo CPI on Friday. Ahead of that will be the release of Machine Orders (mar), Jibun Bank PMIs (May P) and weekly Investment Security flow data (May 19).
- The MoF plans to sell 10-year index-linked JGBs on Tuesday and 40-year JGBs on Thursday.
- BoJ Rinban operations covering 1-25-year JGBs is slated for Wednesday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.