MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

JGBS: Cash Bonds Little Changed Ahead Of US NFP

JGBS
GlobalBulletAPACFixed Income BulletsJapanRegionMarkets

JGB futures are weaker and sit near session lows, -20 compared to settlement levels.

  • Japan's new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan's monetary policy should be aligned with the government's broader goal of exiting deflation. (per Reuters)
  • "The timing of various monetary policy changes is very important," Akazawa said in a press conference. "It's important that they are aligned with our policy priorities such as exiting from deflation and growth in wages and investments."
  • Cash US tsys are flat to 1bps richer in today’s Asia-Pac session after yesterday’s heavy session. All eyes have turned to nonfarm payrolls where growth is seen accelerating marginally to 150k in September after the weaker-than-expected 142k in August. That said, everyone remains on Middle East headlines watch.
  • Cash JGBs are little changed across benchmarks beyond the 1-year (+2.8bps). The benchmark 10-year yield is 0.5bp higher at 0.838%.
  • Swap rates are little changed out to the 10-year but 3-4bps higher beyond. Swap spreads are mixed.
  • On Monday, the local calendar will see Coincident & leading Indices alongside BoJ Rinban Operations covering 1-25-year JGBs.
184 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.

JGB futures are weaker and sit near session lows, -20 compared to settlement levels.

  • Japan's new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan's monetary policy should be aligned with the government's broader goal of exiting deflation. (per Reuters)
  • "The timing of various monetary policy changes is very important," Akazawa said in a press conference. "It's important that they are aligned with our policy priorities such as exiting from deflation and growth in wages and investments."
  • Cash US tsys are flat to 1bps richer in today’s Asia-Pac session after yesterday’s heavy session. All eyes have turned to nonfarm payrolls where growth is seen accelerating marginally to 150k in September after the weaker-than-expected 142k in August. That said, everyone remains on Middle East headlines watch.
  • Cash JGBs are little changed across benchmarks beyond the 1-year (+2.8bps). The benchmark 10-year yield is 0.5bp higher at 0.838%.
  • Swap rates are little changed out to the 10-year but 3-4bps higher beyond. Swap spreads are mixed.
  • On Monday, the local calendar will see Coincident & leading Indices alongside BoJ Rinban Operations covering 1-25-year JGBs.