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Futures Little Changed Overnight, Rinban Eyed


JGB futures added 3 ticks overnight, aided by the modest bid in the U.S. Tsy space.

  • Local news flow continues to focus on familiar topics. Yomiuri suggested that Japanese PM Suga is planning to announce a reshuffle of LDP Party executives on Monday. The same outlet also noted that Japan is drafting a plan to relax its COVID restrictions, possibly as soon as Oct/Nov if vaccinations progress at the required pace. The article noted that the government could also restart its "Go To Travel" campaign.
  • Focus today will fall on the latest round of BoJ Rinban ops, which covers 1- to 5- and 10-25 Year paper. Elsewhere, final services and composite PMI data will hit.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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