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Futures stuck to a tight range on Tuesday,.....>

JGBS
JGBS: Futures stuck to a tight range on Tuesday, after the long holiday weekend,
consolidating the bulk of the losses that they experienced during Friday's
overnight session, with the super-long end experiencing some modest
underperformance, which extended in the afternoon as the offer to cover ratio in
the BOJ's Rinban operations covering the 25+ Year zone jumped.
- The BOJ left the size of its Rinban operations covering the 5-25+ Year buckets
unch.
- Focus remains on today's BOJ MonPol decision & ruling LDP party leadership
election, due tomorrow.
- JGB volatility has eased in recent weeks after the spike heading into the most
recent BOJ decision, as yields have consolidated just above 0.1%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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