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

JGBS: JGB futures have edged higher during the morning session, advancing as
equities fell 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.
- Futures' technical outlook remains bearish, with the recovery following the
early August lows beginning to fade. The recent sell-off accelerated Friday,
prompting new cycle lows of 150.22 in Sep-18 JGB futures, and the contract has
recovered only slightly to 150.25. Bears look for a fall through the Jul 7 2017
spike low on the generic contract at 149.65 for a protracted move lower, while
bulls require a recovery above the 50-DMA to regain poise.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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