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Futures Off Lows, 20- To 30-Year Zone Struggles Ahead Of Supply

JGBS

JGB futures have chipped away at overnight losses in early Tokyo trade, given the move away from Tuesday’s lows in U.S. Tsys (which JGB futures did not participate in during overnight dealing), leaving the contract -8 at typing. The major cash JGB benchmarks sit 1bp richer to 1bp cheaper across the curve, with nothing in the way of uniform flattening/steepening moves observed, as the 20- to 30-Year zone struggles ahead of today’s 30-Year JGB auction. Local headline flow remains light, leaving wider matters and setup for supply at the fore.

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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