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Futures Unwind Overnight Bid, Cash Little Changed

JGBS

JGB futures gave back their overnight outperformance, given the cheapening witnessed in U.S. Tsys on Thursday and lack of surprises surrounding the previously flagged COVID state of emergency speculation and subsequent announcements from policymakers. Still, the broader defensive feel evident during the first half of Asia-Pac trade has limited the weakness, with futures -2 come the lunch bell. The major cash JGB benchmarks are virtually unchanged across the curve.

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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