Free Trial
USDCAD TECHS

Heading South

AUDUSD TECHS

Northbound

EURJPY TECHS

Breaches Key Short-Term Support

US TSYS

Late SOFR/Treasury Option Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Futures Soften Overnight

JGBS

JGB futures shed 6 ticks in overnight trade, more than reversing the early post-Tokyo gains after the latest FOMC decision, aided by the subsequent twist steepening in U.S. Tsys.

  • It will be interesting to see if the impetus from the Tsy space halts/reverses the aggressive flattening trend seen over the last couple of sessions, with the likes of the 5-/40-Year yield curve pulling flatter after failing to breach cycle steeps.
  • Domestic news flow remains light, largely geared towards COVID matters, which hasn’t been impacting JGBs.
  • 2-Year JGB supply provides the highlight of a slim domestic docket on Thursday. Weekly international security flow will be examined to see if the recent trends continued (foreigner investors covering shorts in JGBs and Japan shedding foreign bonds).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.