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JGB futures drew support from the BoJ..........>

JGBS
JGBS: JGB futures drew support from the BoJ leaving the size of its 10-25+ Year
JGBs unchanged today. Some were worried about the potential for an adjustment to
try and steepen the yield curve after the recent tweaks/release of the November
Rinban schedule. The stable size of the operations saw the offer to cover ratios
ease across both buckets.
- The offer to cover ratios of the operations can be found below:
- 10-25 Year: 3.16 (prev. 4.36)
- 25+ Year: 3.51 (prev. 4.59)
- BoJ Gov. Kuroda offered little new in a speech he made today, outside of
sounding a little more concerned re: spill-over effects of the Bank's MonPol, in
line with the recently released FSR.
- The minutes from the Bank's Sep MonPol decision also revealed little in the
way of fresh information.
- BoJ Rinban ops, a speech from BoJ's Funo and the accounts from the Bank's most
recent MonPol decision provide the highlights for participants 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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