Free Trial

Futures Unchanged, US Tsys Little Changed, BOJ Minutes For July Due

JGBS

In post-Tokyo trade, JGB futures are unchanged versus settlement levels, after US tsys finished flat to 2bps cheaper.

  • The US curve was marginally steeper as the long end was marginally pressured. US tsys firmed in the European session after spillover from Bunds in lieu of a slightly larger than expected German supply reduction.
  • Gains were marginally extended after the latest round of US data. Home Sales and Consumer Confidence were softer than forecasts.
  • US tsys ticked lower through the NY session, pressuring US equities and pushing the greenback to a fresh YTD high.
  • Today the local calendar sees BOJ Minutes for the July Meeting, Leading and Coincident Indices, and Machine Orders.
  • Today will also see BoJ Rinban operations covering 3- to 25-year+ JGBs.

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.