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JGBS: Cash Bonds Slightly Mixed Ahead Of 5Y Supply

JGBS
GlobalBulletAPACFixed Income BulletsJapanRegionMarkets

In Tokyo morning trade, JGB futures have unwound overnight strength to be -1 compared to settlement levels.

  • M2 & M3 Money Supply rises 1.3% y/y and +0.9% y/y respectively.
  • Katsunobu Kato, Japan’s former health minister, declares his candidacy for leader of the ruling Liberal Democratic Party and says doubling people’s incomes would be his top priority if elected. (as per BBG)
  • Cash US tsys are slightly cheaper in today’s Asia-Pac session after yesterday’s somewhat mixed performance. Newsflow was light to start the week. The focus is on this week's CPI and PPI inflation measures to help gauge next week's FOMC policy announcement.
  • Cash JGBs are slightly mixed beyond the 1-year (+2.8bps) across benchmarks. The benchmark 5-year yield is 0.2bp higher at 0.527% ahead of today’s supply.
  • The swaps curve has bear-steepened, with rates flat to 5bps higher. Swap spreads are wider.
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In Tokyo morning trade, JGB futures have unwound overnight strength to be -1 compared to settlement levels.

  • M2 & M3 Money Supply rises 1.3% y/y and +0.9% y/y respectively.
  • Katsunobu Kato, Japan’s former health minister, declares his candidacy for leader of the ruling Liberal Democratic Party and says doubling people’s incomes would be his top priority if elected. (as per BBG)
  • Cash US tsys are slightly cheaper in today’s Asia-Pac session after yesterday’s somewhat mixed performance. Newsflow was light to start the week. The focus is on this week's CPI and PPI inflation measures to help gauge next week's FOMC policy announcement.
  • Cash JGBs are slightly mixed beyond the 1-year (+2.8bps) across benchmarks. The benchmark 5-year yield is 0.2bp higher at 0.527% ahead of today’s supply.
  • The swaps curve has bear-steepened, with rates flat to 5bps higher. Swap spreads are wider.