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Futures Little Changed Overnight Despite Equity Sell Off

JGBS

JGB futures ultimately shed 1 tick overnight, despite the weakness seen in equity markets. Tokyo's reaction to the move lower in equities will shape early price action on Friday.

  • Elsewhere, Japanese Chief Cabinet Suga, the favourite to succeed outgoing PM Abe, signaled a readiness to compile another extra budget to respond to COVID-19 if he is successful in his bid to become PM. Regarding the prospect of declaring a snap election Suga noted that he "will do what needs to be done while watching circumstances."
  • jgbs5-10 Year BoJ Rinban operations and 3-month bill supply provide the local focal points on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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