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JGB futures had a peak above their Tokyo.......>

JGBS
JGBS: JGB futures had a peak above their Tokyo highs during the overnight
session, but finished shy of best levels, +2 vs. settlement come the close.
- Worth recapping a RTRS BoJ sources piece, released inn the wake of yesterday's
decision, which noted that "the Bank of Japan could consider watering down later
this year its commitment to keep or cut its rock-bottom interest rates, if
pessimism over the global outlook continues to recede... "If global economic
growth shows clear signs of recovery around mid-year, there may be room to
debate modifying the forward guidance," one of the sources said on condition of
anonymity because of the sensitivity of the matter... To be sure, no consensus
exists within the BOJ yet, given uncertainty over the global outlook and the
setback in consumption from last October's sales tax hike."
- Wednesday will bring an enhanced liquidity auction for off the run JGBs with
5-15.5 Years until maturity.
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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