Free Trial

JGBS Close To Weekly Highs, On Lower Core Yields, Ueda Before Parliament Today

JGBS

JGBS pushed towards the upper end of its recent range post Tokyo close on Tuesday. We sit at 144.48, +.14. This is a touch below earlier highs in the week (144.55). A generally positive bias from US futures (10yr at 108-03) helped, with core yields finishing lower on Tuesday.

  • The local data calendar just has the Sep preliminary leading and coincident indices on tap, which are unlikely to be market movers. Note though that BoJ Governor Ueda is scheduled to appear before parliament in around an hours' time.
  • In the cash JGB space, the 10yr closed yesterday at 0.884%, maintaining tight ranges throughout the session. The 20yr is back to 1.64%, more than 10bps off recent early Nov highs.
  • The 10yr swap was equally steady near the 1.06% mark, but is drifting lower towards 1.05% in early Wednesday trade.

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.