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Futures Pressured On U.S. Tsy Weakness, CPI Due

JGBS

The cheapening in U.S. Tsys dragged JGB futures lower overnight, leaving the contract -10 come the close of post-Tokyo dealing, corresponding with worst levels of the session. Local reaction will be eyed, especially given the weakness of U.S. Tsys into the closing bell in NY.

  • Late Thursday saw a RTRS sources piece note that "the Bank of Japan is discussing phasing out a COVID-19 loan programme if infections in the country continue to dwindle, potentially setting the bank up to exit a key crisis-mode policy sooner than investors expect."
  • There hasn't been much to note elsewhere.
  • Friday's local docket will be headlined by national CPI & flash PMI data.
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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