MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Futures Remain In Positive Territory At Lunch

JGBS

At the Tokyo lunch break, JGB futures sit in positive territory, +9 compared to the settlement levels, after trading in a relatively narrow range.

  • There hasn’t been much in the way of domestic drivers to flag, outside of the previously outlined Jibun Bank PMIs.
  • Cash JGBs are cheaper, with yields flat (20-year) to 0.8bp higher (40-year). The benchmark 10-year yield is 0.7bbp higher at 0.673%, a post-YCC tweak high.
  • This morning’s BoJ Rinban operations saw higher spreads and higher cover ratios for the 3-5-year and 10-25-year buckets (3-5-year: 2.51x and 10-25-year: 2.42x), which may generate some slight pressure in those parts of the curve in early rounds of the Tokyo afternoon session. The 1-3-year bucket saw a lower cover ratio (1.50x) and a lower and negative spread.
  • Swap rates are also mixed, with movements bounded by +/-0.4bp. Swap spreads are generally tighter.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.