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JGB futures consolidated their overnight.......>

JGBS
JGBS: JGB futures consolidated their overnight session gains from Friday and
finished Monday's session just shy of best levels, after sticking in a tight
range.
- Yields finished lower in the main, with the curve a touch flatter.
- The BoJ left the size of its 5-10 Year Rinban operations unchanged, with the
offer to cover ratio ticking up to 2.91 from 2.44.
- JGB futures added to their gains in the overnight session.
- 30-Year supply is due today, ahead of 5 Year supply Thursday, while Japanese
GDP will hit on Wednesday.
- It is worth noting that there is some Y2.6tn worth of redemptions due on
Thursday.
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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