MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 Stronger As Trading Resumes After Long Weekend

JGBS

In Tokyo morning trade, JGB futures are higher, +14 compared to settlement levels, after being closed on Friday.

  • January’s Services PPI rose 2.1% y/y versus expectations of an unchanged rate of 2.4%. National CPI data for January is due tomorrow.
  • The cash JGB curve has bull-flattened, with yields flat to 2.0bps lower. The benchmark 10-year yield is 1.5bps lower at 0.706% versus the Nov-Dec rally low of 0.555%.
  • (Bloomberg) -- The Japan 2-year to 10-year yield curve will steepen to 64bps by the end of the first quarter, from the current 55bps, based on Bloomberg surveys of market forecasts.
  • (Bloomberg Economics) -- Japan’s core CPI inflation (excluding fresh food) likely slowed to 1.9% year on year in January from 2.3% in December. That would mark the first time since March 2022 for the core CPI to undershoot the Bank of Japan’s 2% target. (See link)
  • The swaps curve has also bull-flattened, with rates flat to 2bps lower. Swap spreads are tighter out to the 30-year.
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.