Free Trial

JGB futures have once again stuck to a tight...>

JGBS
JGBS: JGB futures have once again stuck to a tight range with the cash curve
lacking any outright direction, and no concession observed in 30-Year paper
ahead of today's auction.
- Large coupons and redemptions may support the space this week, while JP Morgan
have reiterated their view of being long 30-Year JGBs.
- Bears have so far failed to capitalise on Wednesday's sell-off in futures with
the recovery resulting in pops above 100 & 200-DMAs. The 150.88-94 resistance
region remains key today. Bulls need a close above this region to return focus
to the 151.02-19 resistance region. Daily studies remain well placed for gains.
Bears now need a close below 150.71 to gain breathing room and reconfirm initial
focus on 150.53-60.
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.