MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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 Richer, Mid-Range, Liquidity Enhancement Auction Tomorrow For OTR 1-5-Year JGBs

JGBS

JGB futures are dealing in the middle of the Tokyo session range in afternoon trade, +7 compared to settlement levels.

  • There haven't been many specific domestic drivers worth noting, except for the growing speculation surrounding a potential adjustment to the YCC policy at the upcoming policy meeting of the BoJ next week.
  • JGB futures have a downside bias into the Japan inflation report due on Friday, according to Bloomberg. (See link ICYMI)
  • May Tertiary Industry Index rises 1.2% m/m versus +0.4% est.
  • The cash JGBs are trading mixed with yield movements ranging from 0.5bp lower (7-year zone) to 2.6bp higher (40-year). The benchmark 10-year yield is 0.3bp lower at 0.478%, just shy of its highest level in three months of 0.485% set on Friday.
  • Swap rates are also mixed across the curve with changes ranging from +/-0.8bp. Swap spreads are generally wider out to the 7-year and tighter beyond.
  • Tomorrow the local calendar has no data. The MoF does however plan to sell Y500bn at a Liquidity Enhancement Auction for OTR 1-5-year JGBs.
  • Later today sees June US retail sales and industrial production, May US business inventories, and the July NAHB housing market index.
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.