MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JGBS: Cash Bond Bear-Flattener, Mixed Local Data

JGBS
GlobalBulletAPACFixed Income BulletsJapanRegionMarkets

In Tokyo morning trade, JGB futures have slightly extended Friday’s sharp sell-off, -63 compared to settlement levels.

  • Japan's industrial production fell 3.3% in August compared with last month, marking the first fall in two months. The fall was led by the automobile industry and electrical, information and communications machinery industry.
  • Retail sales rose 0.8% in Aug. from a month earlier, compared to median estimate of +0.5%.
  • NHK has reported that Japan's general election will be held on October 27th, with LDP leader Shigeru Ishiba to dissolve the lower house on October 9th (per BBG/NHK). See this link for more details. There was speculation on Friday, after he won the run off, around an early election.
  • Cash US tsys are flat to 1bp cheaper in today’s Asia-Pac session after Friday’s solid post-PCE gains.
  • Cash JGBs are flat to 4bps cheaper across benchmarks, with a flattening bias. The benchmark 2-year yield is 1.7bps higher at 0.384% ahead of today’s supply.
  • Swap rates are little changed out to the 30-year and 4bps higher beyond. Swap spreads are mixed.
169 words

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.

In Tokyo morning trade, JGB futures have slightly extended Friday’s sharp sell-off, -63 compared to settlement levels.

  • Japan's industrial production fell 3.3% in August compared with last month, marking the first fall in two months. The fall was led by the automobile industry and electrical, information and communications machinery industry.
  • Retail sales rose 0.8% in Aug. from a month earlier, compared to median estimate of +0.5%.
  • NHK has reported that Japan's general election will be held on October 27th, with LDP leader Shigeru Ishiba to dissolve the lower house on October 9th (per BBG/NHK). See this link for more details. There was speculation on Friday, after he won the run off, around an early election.
  • Cash US tsys are flat to 1bp cheaper in today’s Asia-Pac session after Friday’s solid post-PCE gains.
  • Cash JGBs are flat to 4bps cheaper across benchmarks, with a flattening bias. The benchmark 2-year yield is 1.7bps higher at 0.384% ahead of today’s supply.
  • Swap rates are little changed out to the 30-year and 4bps higher beyond. Swap spreads are mixed.