Free Trial

JGB futures went in to the break 2 ticks.......>

JGBS
JGBS: JGB futures went in to the break 2 ticks lower at 150.73, as they operated
in a 5 tick range. The 2-10 Year spread steepened by 0.2bp this morning, while
the 5-30 Year differential narrowed by 0.6bp. 
- The modest underperformance in the belly could be attributed to the upcoming
liquidity enhancement auction in the 5-15.5 Year area.
- On the technical front hesitation around key DMAs came to an end with a rally
and close above DMAs that shifted bullish focus to 150.84-151.02 where the
100-WMA and monthly highs are situated. Layers of support remain in place with
bears needing a close below 150.71 to gain breathing room and return initial
focus to 150.47-51. Below 150.36 is needed to shift focus back to 150.09 2018
lows.
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.