Free Trial

JGB futures moved higher in Tuesday's..........>

JGBS
JGBS: JGB futures moved higher in Tuesday's afternoon session after they stuck
to a tight range before the lunch break with no concession observed in 30-Year
paper ahead of yesterday's auction.
- The auction was relatively well received, despite the lack of concession, with
a cover ratio in line with the recent averages and a low price in line with exp.
- This allowed yields to edge lower in the afternoon session, with the curve
finishing a little flatter on the day.
- Large coupons and redemptions may support the space this week, while JP Morgan
have reiterated their view of being long 30-Year JGBs.
- Focus today will fall on the BoJ's 5-25+ Year Rinban operations & comments
from BoJ's Kuroda & Amamiya. The BoJ's April meeting minutes are due for
release, but these are somewhat outdated.
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.