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JGB futures are flirting with Friday's.........>

JGBS
JGBS: JGB futures are flirting with Friday's session low (150.00), after a brief
look below. A break would open up a move to the August 03 low (149.95), with
bears looking to the cycle low (149.75).
- There has been little in the way of headline flow to drag the space lower,
with the minutes from the BOJ's July meeting & the latest BOJ Rinban operations
yielding no surprises, so the move is probably a function of the concession
observed in the longer end of the cash curve ahead of tomorrow's 40-Year supply
(30- & 40-Year yields are 1.2 & 1.7bp higher respectively in early dealing).
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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