MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Futures Rebound On BoJ Stepped Up YCC Enforcement, Pull Back As Kuroda Sticks To Usual Script

JGBS

Benchmark JGB futures have bounced from session lows (148.42) as the BoJ stepped up efforts to enforce its 0.25% ceiling on 10-Year yield, offering to buy an additional Y500bn of 5- to 10-Year JGBs on Tuesday.

  • The announcement came as 10-Year JGB yield breached 0.25%, rising to its highest levels since January 2016.
  • JGB futures last trades at 148.52, 49 ticks below previous settlement, pulling back from post-BoJ highs as BoJ Gov Kuroda reiterated the intention to stick with powerful monetary easing.
  • Cash JGB yields sit higher, curve runs steeper as speculation that the central bank may eventually have to buy longer-dated debt has weighed on the super-long end. 10-Year JGB yield remains above 0.25% as we type.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsFixed Income Bullets

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.