Free Trial

JGB futures last +21 ticks, just off session...>

JGBS
JGBS: JGB futures last +21 ticks, just off session highs as we work towards the
close of play, with little in the way of notable headline drivers apparent.
- The BoJ left the size of its 5-10 Year JGB purchases under its Rinban ops
unchanged today, with the breakdown revealing a virtually steady offer to cover
ratio & spread dynamic vs. the prior op covering the bucket.
- Curve sits flatter on the day, potentially driven by early swap receiving in
the super-long end, as outlined earlier, with yesterday's solid 40-Year auction
also fresh in the mind.
- BoJ's Sakurai offered little new to the MonPol debate in his latest address.
- Focus tomorrow falls on retail sales data (post-sales tax hike) & 2-Year
supply.
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.