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Futures Recover In Overnight Trade, After Show Through Support

JGBS

JGB futures softened in overnight trade, shedding 8 ticks come the close, although the contract recovered from worst levels after a brief showing below technical support.

  • A reminder that after hours on Tuesday saw the BoJ introduce "the Special Deposit Facility to encourage regional financial institutions' initiatives to strengthen their business foundations. The Bank will establish this facility as a three-year temporary measure for the fiscal years ending March 2021-2023 and pay extra interest on current account balances held by regional financial institutions that meet certain requirements." The Facility will pay 0.1% p/a for institutions meeting the requirements.
  • BoJ 1-10 Year Rinban ops will take place later today.
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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