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

JGBS
JGBS: JGB futures held a tight range in Tokyo hours, consolidating most of their
overnight gains, last +7, with underlying support evident against a more
cautious backdrop for Asia-Pac trade.
- 2s outperform on the curve, with yields marginally richer across all of the
cash JGB space.
- BoJ Rinban ops saw no change in the purchase sizes for 1-3, 5-10 and 25+ Year
JGBs, with the only moves of note within the breakdown being a lower offer/cover
and slight tighter spreads for 5-10 Year ops.
- Swap spreads are mostly a touch wider across the curve, with swap rates
marginally mixed on the day.
- 5-Year supply headlines the local docket on Thursday.
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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