FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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 Steady, Bond Yields Off Earlier Highs

JGBS

At the break, JGB futures sit at 144.49, -.27. We have tracked tight ranges in the first part of Friday trade. There may be some modest upside pressure when markets return, as US futures sit close to session highs in recent dealings (107-19 +02).

  • Still, we remain comfortably within recent ranges. The topside is marked by 144.89, earlier November lows just under 143.50.
  • In a short while the MOF will sell 3 month bills. Next week we get more bond sales in the 5yr space, yesterday's 30yr auction saw a solid pick up in the bid to cover ratio to 3.6 (prior around 3).
  • Cash JGB yields are holding modest gains at this stage, albeit down from earlier highs. The 10yr yield last near 0.855%, against an earlier high near 0.87%. 10yr swap is back near 1.04%, also down a touch from session highs.
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.