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Futures Unwind Overnight Losses

JGBS

Morning trade saw JGB futures bounce strongly ahead of the previously outlined technical support level (151.49) after a retest of the overnight low, with the contract hitting the bell at unch. levels vs. settlement, fully unwinding the overnight weakness. Cash JGBs are little changed to ~1.0bp richer out to 20s, while 30s and 40s are marginally cheaper on the day, perhaps facing some headwinds ahead of tomorrow's 40-Year JGB supply. There hasn't been much to add to our earlier bullet on the news flow front.

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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