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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.
JGBS
Implied JGB volatility (as measured by the S&P-Japan Exchange metric) has backed away from yesterday’s YtD high, after failing to test the ’21 peak (which came at the time when the market forced the BoJ to reset and formally outline its permitted 10-Year JGB yield trading band). The combination of the Russia-Ukraine conflict, global inflationary spiral and uncertainty when it comes to global central bank policy action drove volatility higher in recent weeks. Also note that current levels of implied vol. remain well short of the Mar ’20 COVID outbreak peak.
Fig. 1: S&P-Japan Exchange JGB Implied Volatility
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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