Futures Sit At Mid-Point Of Week To Date Range

JGB futures sit back at 148.19, +7, post the Tokyo-close. This is mid-range in terms of the range seen this week (147.99-148.39). Some support was evident from US futures, TYU3 last 112-31, +03, and comfortably above recent lows.

• US yields were firmer in the front end post the FOMC, which was on hold as expected, but presented hawkish forward guidance. The 2yr yield sat back close to 4.69% by the NY close, the 10yr was down slightly, last near 3.786%.
• There is a host of Japan data out this morning, on trade and core machinery orders, as well as weekly investment data. These figures sit in the shadow of tomorrow's BoJ meeting though, where no major changes are expected.
• We also have BoJ Rinban operations 1-25 yrs later, and then a 3m bill sale this afternoon.