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JGBs finished the session 2 ticks lower at.....>

JGBS
JGBS: JGBs finished the session 2 ticks lower at 150.67 with political
developments in Japan having little impact on prices.
- The curve was a little steeper, with the belly experiencing ever-so marginal
outperformance during a lack lustre session.
- The latest 5-Year JGB auction was solid enough and had no notable impact on
prices.
- Japanese stocks ran higher in the afternoon, with USDJPY following stocks,
initially pressuring JGB's, before futures moved back from session lows.
- Immediate focus is on US CPI data & 20-Year JGB supply later this week, as
well as the first estimate of the heavily watched Shunto wage negotiations.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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