CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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 Uptick After BoJ Announces Unscheduled Bond Buying Operation

JGBS

In Tokyo morning trade, JGB futures have upticked, +5 compared to settlement levels, reversing overnight weakness on Friday.

  • The BoJ has announced that it will conduct an unscheduled bond-buying operation today.
  • January Core Machine Orders printed -10.9% y/y versus est. -10.5%.
  • ICYMI, the main focus late on Friday Asia Pac time was the Rengo wage announcement. It printed stronger than expected at 5.28%, with a number of sell-side analysts looking for a low 5% outcome. It was also comfortably above the initial outcome for last year's wages agreement (3.8%). A number of new wires (Kyodo and Nikkei) posted reports (after the wages announcement, link) that the central bank will raise the policy rate to the 0%-0.1% range at Tuesday's policy announcement.
  • Cash JGBs are slightly mixed beyond the 1-year (+1.4bps). The benchmark 10-year yield is -0.2bp at 0.783% versus the year’s high of 0.801% set on Friday.
  • The swaps curve has slightly bull-flattened, with rates flat to 1.3bps lower. Swap spreads are mostly tighter.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.