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JGB futures ground away from the lows on.......>

JGBS
JGBS: JGB futures ground away from the lows on Friday after the overnight
session sell-off that was inspired by the latest BoJ Rinban tweak, followed by
the U.S. data-driven sell-off in Tsys. The curve ran steeper on the day, with
some traders looking for an adjustment in the 25+ Year bucket of the BoJ's
Rinban operations as the next logical tweak from the Bank. The combination of a
softer JPY and positive session for the Nikkei 225 failed to apply any notable
pressure to the space.
- Futures then tracked Tsys lower in U.S. hours.
- Focus today falls on the BoJ's 1-5 & 10-25+ Year Rinban operations.
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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