Free Trial

JGBs continued their recent foray higher in....>

JGBS: JGBs continued their recent foray higher in the morning session, as
futures broke Thursday's and the Aug 31 high, with modest curve flattening
supported by a continued dip in longer dated swap rates.
- The bid may have been aided by late headlines Thursday pointing to President
Trump hinting to the WSJ that a trade fight with Japan "could be next," but upon
second glance the article was less inflammatory than the headlines The stronger
JPY weighed on the Nikkei 225 which shed 1.0% in the morning session, which also
lent support to JGBs in early dealing.
- A strong liquidity enchantment auction for 1-5 Year paper did little for the
space in the afternoon, with the shorter end of the curve underperforming as the
long end moved back to neutral as a degree of profit taking crept in ahead of
the weekend.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.