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JGB futures eased a touch in afternoon.........>

JGBS
JGBS: JGB futures eased a touch in afternoon dealing, but still finished higher
on the day, off the overnight session highs. Super-long yields finished lower
but pulled back from session lows in the afternoon.
- The space initially drew support from Brexit issues, a less positive outlook
on trade war matters and North Korea testing a new missile, but futures couldn't
breach 151.00 in Tokyo hours, despite a brief move above during the overnight
session, even with the Nikkei 225 trading lower on the day.
- The BoJ left the size of its 5-25+ Year Rinban operations unchanged today. The
offer to cover ratios of the operations can be found below.
- 5-10 Year 2.08 (prev. 2.91)
- 10-25 Year 2.71 (prev. 2.56)
- 25+ Year 2.75 (prev. 3.30)
- Credit Agricole priced its JPY 10-Year bond offering today.
- Focus next week turns to Japanese CPI, as well as Rinban operations & 20-Year
JGB supply.
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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