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JGB futures briefly breached Friday's..........>

JGBS
JGBS: JGB futures briefly breached Friday's overnight session low on Monday,
with participants seemingly happy to sell the contract on the back of the BOJ's
adjustments to its September Rinban plan, made Friday.
- This took place in spite of weekend comments from BOJ Gov. Kuroda, who
stressed that the BOJ will not be hiking rates for a long period of time. Kuroda
offered little on MonPol in an address made on Monday.
- The belly of the curve underperformed in cash trade, hindered by the BOJ's
Rinban adjustment and a soft liquidity enhancement auction for 5-15.5 Year paper
and came ahead of 10-Year supply due later this week.
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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