FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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 Bonds Twist-Flatten, 20Y Supply Tomorrow, Natl. CPI Friday

JGBS
BulletAPACFixed Income BulletsJapanMarkets

JGB futures have swung into negative territory, -2 compared to settlement levels, after closing stronger overnight.

  • Outside of the previously outlined trade balance data, there hasn't been much by way of domestic drivers to flag.
  • No. of condominium units supplied in Tokyo and surrounding areas rose 23.4% from a year earlier to 23 units in October. Machine Tool Orders data is due later.
  • Cash US tsys are flat to 1bp cheaper, with a slight steepening bias, in today’s Asia-Pac session after yesterday’s modest haven demand-induced gains.
  • Cash JGB curve has twist-flattened, with yields 2bps higher to 2bps lower. The benchmark 20-year yield is 0.5bp lower at 1.890%.
  • The swaps curve has bear-steepened, with rates flat to 4bps higher. Swap spreads are mostly wider.
  • Tomorrow, the local calendar will see weekly International Investment Flows alongside 20-year supply. National CPI is due for release on Friday.
139 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 have swung into negative territory, -2 compared to settlement levels, after closing stronger overnight.

  • Outside of the previously outlined trade balance data, there hasn't been much by way of domestic drivers to flag.
  • No. of condominium units supplied in Tokyo and surrounding areas rose 23.4% from a year earlier to 23 units in October. Machine Tool Orders data is due later.
  • Cash US tsys are flat to 1bp cheaper, with a slight steepening bias, in today’s Asia-Pac session after yesterday’s modest haven demand-induced gains.
  • Cash JGB curve has twist-flattened, with yields 2bps higher to 2bps lower. The benchmark 20-year yield is 0.5bp lower at 1.890%.
  • The swaps curve has bear-steepened, with rates flat to 4bps higher. Swap spreads are mostly wider.
  • Tomorrow, the local calendar will see weekly International Investment Flows alongside 20-year supply. National CPI is due for release on Friday.