Free Trial

Futures Little Changed At Lunch, Toyota Motor To Meet Labor Union’s Demands

JGBS

At the Tokyo lunch break, JGB futures are unchanged compared to the settlement levels.

  • (Bloomberg) Toyota Motor will meet its labor union’s demands for increases in salary and bonuses in full for the fourth straight year, Mainichi reports. (See link)
  • Today, the local calendar is empty.
  • Cash US tsys are dealing ~1bp richer in today’s Asia-Pac session after yesterday’s 5-6bps cheapening following February’s US CPI print. Looking ahead, the main focus is on Thursday's Retail Sales and PPI data.
  • Cash JGBs are slightly mixed, with yield movements bounded by +/- 1bp. The benchmark 10-year yield is 0.2bp lower at 0.768% versus the yearly high of 0.779% set yesterday.
  • Swaps are slightly richer. Swap spreads are mixed.

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.