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JGB futures have held a tight range in Tokyo...>

JGBS
JGBS: JGB futures have held a tight range in Tokyo hours, with futures -1 tick
vs. settlement, unwinding the modest overnight gains. Futures steady in early
afternoon trade. Super-long end paper has seen outperformance ahead of the
elongated weekend.
- A reminder that the BoJ left the size of its 1-10 Year Rinban ops unchanged,
with yield spreads across the 3 buckets widening. In terms of the offer/cover,
the 1-3 Year saw an uptick, the 3-5 Year was steady and 5-10 Year ops saw a
moderation.
- Elsewhere, Tokyo's COVID-19 case count was reportedly steady at the 230-240
region.
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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