Free Trial

Futures Rebound But Recent Ranges Hold

JGBS

At the lunchtime break, JGB futures sit at 146.25, +.06 and not too far off session highs. Earlier lows were at 146.06, while highs for this week rest at 146.35/36.

  • Positive spillover has been evident from US TSYs, with TYH4 which have ticked higher as the Thursday Asia Pac session unfolds. There doesn't appear any major macro catalyst for this move, with most focus on the surge in US equity futures post the Nvidia result earlier today.
  • More broadly, this keeps JGB futures within recent ranges. In JGB cash yields, the 10yr benchmark sits back at 0.725%, while the 10yr swap rate is back under 0.89%.
  • BoJ Ueda's appearance in parliament is scheduled for now.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.