Free Trial

JGB yields rose sharply on Friday following....>

JGBS
JGBS: JGB yields rose sharply on Friday following comments from BoJ Gov Kuroda,
suggesting that the BoJ may consider exiting its ultra-loose monetary policy
stance around FY19.
- Barclays believe that the "market overreacted given that the actual comments
were conditional on CPI inflation reaching the 2% price stability target at that
time." Barclays suggest that today "could see buybacks overall, led by futures,
where there was a switch to the buy side at the end of last week. The BoJ is not
scheduled to hold any buying operations today. This week's highlights include
the 30y JGB auction on Tuesday and a two-day BoJ MPM ending on Friday (we expect
policy to remain intact)."
- Focus will likely be driven by risk-on/off flows stemming from the Italian
elections.
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.