Free Trial

Futures Softer At The Margin, Cash Mixed

JGBS

The impetus from Tsys/e-minis/the Nikkei 225 weighed on JGB futures in early dealing this week, with the contract shedding its fairly modest overnight gains and more, last -5 ticks vs. Tokyo settlement levels. The swaps curve twist flattened, with receiving seen in 40s, which was an outlier, while cash JGB yields sit either side of unchanged.

  • BoJ Governor Kuroda's weekend address offered no fresh insight, as he reaffirmed the Bank's view on the Japanese economy and pushed back against the idea of movement in the Bank's forward guidance and/or inflation target.
  • The latest monthly Japanese trade surplus was narrower than expected, as exports missed and imports beat when compared to consensus expectations.
  • 20-Year JGB supply headlines locally on Tuesday.
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

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.