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It was a quiet session for the space, with.....>

JGBS
JGBS: It was a quiet session for the space, with JGB futures sticking to a tight
range. The Nikkei 225 added ~1.1%, which likely applied some modest pressure to
JGBs.
- The long end of the curve has been subjected to some slight underperformance.
- Market seems quiet ahead of the U.S. Mid-terms Tuesday.
- There has been no notable reaction in 10-Year Japanese BEIs in the wake of the
latest 10-Year JGBis auction, which saw the cover ratio tick higher when
compared to the most recent auction.
- Focus tomorrow turns to earnings data and an address from BoJ's Funo.
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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