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JPY

Japanese Markets Reopen, CPI Report Takes Focus

AUD

Aussie Catches Bid Thursday

JGB TECHS

(Z1) Bearish Trend Condition

US TSY OPTIONS

TYV1 132.00 Puts Lifted

AUSSIE BONDS

U.S. Tsys Drag The Futures Curve Steeper Overnight

NZD

Kiwi Swings To Weekly Gain

JGBS
JGBS: Futures threatened to break below the overnight low in early afternoon
trade on Wednesday, but bears failed. Broader market focus fell on growing
optimism surrounding the U.S.-China vice-ministerial trade talks. The contract
had a look below the aforementioned session low in overnight trade, but finished
off of worst levels in a limited session.
- Yields were virtually unchanged across the majority of the curve, although
10-Year paper experienced some modest underperformance, last 0.032%.
- The BoJ left the size of its 5-10 Year & JGBi Rinban ops unchanged today.
Offer to cover ratios were as follows: 5-10 Year 3.28 (prev. 2.37), JGBis 5.48
(prev. 6.73).
- The BoJ will take some solace in real wage growth moving into positive
territory, although average wage growth was boosted by bonuses and other special
pay.
- Focus falls on 30-Year supply, due later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com