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It has been a very limited session for JGB.....>

JGBS
JGBS: It has been a very limited session for JGB futures after a brief blip
lower at Monday's re-open, with the long end of the curve experiencing some
marginal underperformance in the latter part of the session.
- Redemptions for 2-Year paper occurred today (totalling Y2.33tn), which may
have added an extra layer of support to front end of the space.
- BOJ Governor Kuroda took to the wires over the weekend and noted that the
Bank's YCC is its main policy tool, and that a signal re: a MonPol shift would
be a change in the BOJ's target rate (when the 2% inflation target is met/close
to being met).
- Focus this week will fall on the BOJ's Rinban operations due Wednesday &
Friday, addresses from BOJ Gov. Kuroda & Dep. Gov. Amamiya, as well as 5- &
20-Year JGB supply.
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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