MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

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

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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 Unchanged, National CPI Slightly Weaker Than Expected, BoJ Bond Buying Ops Later

JGBS

JGB futures (JBM4) finished offshore Thursday trade unchanged at 145.41. This keeps us within recent ranges, with post BoJ highs back at 145.79.

  • National CPI for Feb has just printed. The headline and core-core readings printing slightly weaker than expected. The headline y/y was 2.8% against a 2.9% forecast, although it was still a step up from the prior 2.2% outcome. Ex fresh food rose 2.8% y/y, in line with estimates. The ex fresh food, energy measure was 3.2% versus 3.3% forecast and 3.5% prior.
  • In the JGB space, the 2yr yield finished above 0.19% yesterday, firmer in yield terms but still sub recent highs. Pressure in this space may be evident given firmer US front end yields in Thursday trade, although BoJ Governor Ueda told local parliament yesterday that the March rate rise was designed to avoid more aggressive rate rises later.
  • The 10yr JGB was at 0.74% yesterday, while the 10yr swap is around 0.88%.
  • Today we have the BoJ holding bond buying operations from 1 yr through to 25yr tenors.
  • In a short while we also have weekly investment flow data. Then later on 3 month bill auction.
BulletMarketsFixed Income BulletsHomepageBank of Japan (BOJ) Market News

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.