Free Trial

JGB futures followed the broader risk..........>

JGBS
JGBS: JGB futures followed the broader risk appetite in the main and went into
the lunch break 4 ticks higher at 150.96 as the contract struggled to breach
151.00.
- The cash space has been subject to further flattening as super-long paper has
outperformed ahead of today's 40-Year JGB auction.
- Swaps are running tighter in the main ex. 40-Year.
- Further Samurai issuance has been announced which should price later this
week.
- Futures' close above the 55-DMA provided the impetus for a close above 150.95
on Friday and focus now lies on 151.03-19 where the 2018 and Nov 2017 highs are
located. The Bollinger top (150.99) is the key concern for bulls and currently
caps. Bears now need a close below yesterday's hourly support (150.90) to gain
breathing room.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.