Free Trial

JGB futures last +5, with a tepid 5-Year.......>

JGBS
JGBS: JGB futures last +5, with a tepid 5-Year auction noted, and some light
underperformance in the belly for most of the session, before some weakness in
the long end crept in during afternoon trade as broader risk appetite recovered
(at least to marginally), allowing steepening of the cash curve.
- The aforementioned auction saw a moderation in the cover ratio, steady price
tail and a low price that met dealer exp. (as proxied by the BBG dealer poll).
- Swap spreads are wider out to 10 Years, narrower at 20+ Years.
- Little of any real note on the local news front, outside of Japanese Economy
Minister Nishimura OK'ing the scheduled rollback of some COVID-19 travel
restrictions tomorrow.
- National CPI data headlines on Friday.
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.