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JGB futures edged higher during the morning....>

JGBS
JGBS: JGB futures edged higher during the morning session, advancing as Japanese
equities edged lower on the back of a huge Typhoon hitting the Osaka region,
with yields ticking lower across the curve in cash trade.
- This made for a lack of concession ahead of today's 10-Year JGB auction.
- There was no immediate reaction to the auction as the low price matched dealer
exp. The slightly higher cover ratio also supported prices.
- JGB futures then continued to edge higher in the afternoon, with the curve
flattening on the day as the super-long end outperformed.
- Focus remains on this week's Rinban operations and a speech from BOJ's
Kataoka, scheduled for 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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