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Free AccessJGB futures recovered overnight, as Tsys.......>
JGBS: JGB futures recovered overnight, as Tsys turned bid, finishing after-hours
trade 47 ticks above the Tokyo settlement.
- As a reminder, yesterday's horrible 10-Year auction pressured JGB futures and
triggered an emergency margin call for the contract. There was some brief
respite for the contract not long after the auction, but the contract then sold
off again ahead of the Tokyo close as the belly of the curve experienced some
notable underperformance on the day.
- The space was already on the back foot ahead of the auction in the wake of the
announcement of the BoJ's October Rinban outline, which was released on Monday.
- There is a limited local docket today, with broader headlines and flow set to
drive activity during the upcoming session.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.