Free Trial

Japanese Holiday Limits Price Action

BOND SUMMARY

Core FI markets remain happy to operate in narrow ranges given the lack of meaningful macro headline flow evident since the re-open and the Japanese market holiday, looking through a more active Asia-Pac session for the FX space, in which the broader USD has ticked lower.

  • •T-Notes were happy to hold a narrow 0-02+ range early this week, last unchanged at 138-16, with cash Tsys closed owing to the Japanese holiday. Weekend developments seem to have all but ended any hope that Donald Trump held surrounding his legal campaign against the election process, as most expected, while Brexit, COVID & Sino-U.S. tensions continue to dominate headline flow elsewhere.
  • •In Australia, the local bond space was happy to look through a faster rate of expansion across the 3 major flash PMI readings, in addition to the latest round of fiscal developments. YM unchanged, XM +1.0.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.