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Futures Narrow Overnight

JGBS

JGB futures added 2 ticks in very limited overnight trade, with the bullish flattening in the U.S. Tsy space having little impact on the contract.

  • Note that the benchmark 10-Year cash JGB failed to trade on Monday.
  • Political gymnastics ahead of the ruling LDP Party's leadership election continue to dominate local headline flow.
  • Japan's final industrial production data for the month of July is due on Tuesday, while we will also get a liquidity enhancement auction for off-the-run 5- to 15.5-Year JGBs.
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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