Free Trial

Holding Cheaper

JGBS

JGB futures moved lower at the Tokyo re-open, testing overnight lows, before recovering from worst levels to sit -15 vs. Friday’s Tokyo settlement. The contract hasn’t got anywhere near unwinding losses, even with the USD in the ascendancy and broader equity markets ticking lower during the first half of the Asia-Pac session. Cash JGB trade sees the major benchmarks sit little changed to 1bp cheaper on the day, with light bear steepening apparent.

  • •BoJ Governor Kuroda failed to introduce much in the way of fresh information via his latest address, although some of the wording re: the Japanese economic recovery sounded a little more guarded.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.