November 13, 2022 23:36 GMT
Global Factors May Apply Pressure Before BoJ Purchases
JGBS
JGB futures lodged modest gains in the final overnight session of last week, finishing +9, although the downtick for global core FI markets witnessed at the start of this week, in lieu of hawkish Fedspeak and a meaningful round of support for the Chinese property market, is likely to provide some downward impetus for JGBs in early Tokyo trade.
- Domestic news flow has been headlined by the continued freefall of PM Kishida’s cabinet when it comes to public approval ratings (see previous bullet for more colour on that matter).
- The latest round of BoJ Rinban operations (covering 1- to 3-, 5- to 10- & 25+-Year JGBs) headline the domestic docket today.
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