JGB futures have eased from late overnight levels on the back of slightly firmer than expected national core CPI data, although the contract is back from lows, probably given the focus on previous BoJ rhetoric, which foretold such a move (in rough absolute terms), while the Bank has played down the need to tweak its policy settings given the cost-push nature of the currently inflationary impulse. The BoJ remains focused on facilitating a rebound in economic growth and fostering an environment that will generate sustained underlying inflationary pressure. JGB futures last print at unchanged levels, 5 ticks off session lows. Early cash JGB trade sees benchmark yields run within -/+0.5bp of Thursday’s closing levels. As a reminder, 20-Year JGB supply provides the headline event during the remainder of today’s local session.
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
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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 credibilityfor 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.
We are facing technical issues, please contact our team.
Your request was sent sucessfully! Our team will contact you soon.