Free Trial

Futures Supported Sub 144.50, 10yr Auction Eyed Later

JGBS

JGB futures made fresh lows back to early August of 144.42, but we sit back close to unchanged in latest dealings. JBU4 last at 144.49, -.11 versus settlement levels.

  • Note August 6 lows in the 10yr future were at 144.30, which will be eyed on any fresh break lower.
  • US cash Tsy yields have re-opened around 2bps higher, although this looks to be largely catch up on futures moves. 10yr US tsys futures sit up from intra-session lows on Monday.
  • Cash JGB yields are higher across the benchmarks but away from best levels (in yield terms). The 10yr was last back under 0.92%, while the 20-yr is sub 1.74%.
  • The data calendar is largely quiet for today/tomorrow, but focus will rest on the 10yr auction later, with the early August 10yr debt sale a poor one.

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.