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JGB futures have ticked higher in early........>

JGBS
JGBS: JGB futures have ticked higher in early dealing, trading 7 ticks above
settlement last.
- Tuesday trade saw futures abide by the recent range and offer few further
clues on the technical front. As such, the negative outlook is carried through
from earlier in the week, shifting focus to the September lows (149.99). A break
below here would open the August 02 spike low (149.75). To inspire a recovery,
bulls need a break above 150.32. Absent a break higher, the
short/medium/long-term trends all remain negative.
- The long end of the curve has experienced some modest outperformance, although
this may be owing to participants awaiting the results of the BOJ's 1-10 Year
Rinban operations, due shortly.
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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