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It has been a fairly limited session for the...>

JGBS
JGBS: It has been a fairly limited session for the space, with futures edging
away from their overnight highs, after peaking at 153.00 in NY hours. The
contract trades around unchanged levels ahead of the close.
- There has been little in the way of headline flow apparent.
- BoJ Governor Kuroda's comments on Tuesday, soft EZ data and cautious Fed
rhetoric had leant support to the space overnight, in the wake of a strong
20-Year auction, but the market likely needs a fresh catalyst to breach the
aforementioned resistance area.
- The curve sits a touch flatter at writing.
- Kuroda is set to appear in the Diet again today, although no comments have
crossed at writing.
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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