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JGB futures consolidated their run higher......>

JGBS
JGBS: JGB futures consolidated their run higher overnight, leaving bulls focused
on the all-time highs lodged back in 2016. This comes after futures cracked
through the YtD highs on Wednesday.
- The long-end of the curve will face a couple of challenges during the reminder
of the week; today brings about the latest 15.5-39 Year JGB liquidity
enhancement auction, while Friday will see the first round of 5-25+ Year Rinban
operations since the BoJ reduced the frequency of operations for 10-25 & 25+
year paper in its June plans. Also worth highlighting that BoJ Governor Kuroda
will speak today.
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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