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JGB futures edged lower at the start of the....>

JGBS
JGBS: JGB futures edged lower at the start of the session, lagging the move in
U.S. Tsys & Aussie paper, before the move faded, with the lead contract last 7
pips higher than settlement, trading just shy of Friday's overnight session
close.
- Yields are unchanged to 0.8bp lower across the curve, as 10-Year yields
consolidate below the heavily watched 0.1% level, last 0.083%.
- As a reminder, the BoJ released is plan for Rinban operations for the month of
December on Friday. The plan saw the BoJ reduce the number of purchases of 10-
to 25-Year & 25+ Year JGBs to 4 times each per month, from 5 previously. The
indicative ranges for purchase sizes across all maturities was left unchanged.
- Focus today falls on the BoJ's Rinban operations covering 1-5 Year JGBs.
Rinban operations, 10-Year supply and an address from BoJ Deputy Gov. Wakatabe
will garner attention through the remainder of the 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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