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Insulated From External Matters

JGBS

JGB futures have stuck to the range established over the previous 24 hours during the Tokyo morning, hitting the break 2 ticks above settlement levels, insulated from the broader risk-on flows seen in global markets during early Asia-Pac trade.

  • The BoJ source reports that we have flagged over the past couple of days have dominated traders' minds, with little in the way of alternative idiosyncratic news flow observed.
  • Nothing in the way of concession seen in the longer end of the cash curve ahead of today's 20-Year JGB supply, with super-long paper virtually unchanged vs. settlement.
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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