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JGB futures continue to stick to a tight.......>

JGBS
JGBS: JGB futures continue to stick to a tight range, with the long end's
outperformance holding firm, and curve flattening apparent.
- Little in the way of news flow apparent, with a continued focus on life
insurer demand ahead of the end of the FY as many believe they remain
underweight in the space. Morgan Stanley have suggested that lifers will need to
reduce their duration mismatch, which they believe will continue to support
longer dated paper.
- 10-Year JGB yields operate at -0.014% last, with 20-40 year yields at
multi-year lows, and the 5s30s curve running at the flattest level seen since
mid-July.
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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