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JGB futures sit 4 ticks lower than.............>

JGBS
JGBS: JGB futures sit 4 ticks lower than settlement at writing, with the cash
space experiencing some modest twist steepening on the back of the BoJ's Rinban
plan adjustments, outlined on Friday. The latest round of quarterly CapEx and
corporate profit data was also strong.
- Today's BoJ 1-5 Rinban ops saw all sizes left unch. vs. the prev. ops, offer
to cover ratios as follows: 1-3 Year 2.32x (prev. 3.21x) 3-5 Year 3.69x (2.76x).
- BoJ Governor Kuroda offered little new in his latest parliament appearance.
- 10-Year supply headlines the local docket tomorrow.
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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