Free Trial

JGBs finished the session at 150.90.....>

JGB SUMMARY
JGB SUMMARY: JGBs finished the session at 150.90 (+5 ticks), with the cash curve
reversing the bulk of its flattening in the afternoon session. Swap spreads were
tighter across the curve.
- The longer end gave up most of its gains after the Nikkei 225 moved higher in
afternoon dealing.
- The pull back from session highs took place in spite of supportive results
from the BoJ's latest round of Rinban ops covering the 5-25+ year buckets.
- From a technical perspective futures' topside failures last week left the
contract looking heavy and focus back on 150.64-72 where 55 & 200-DMAs are
noted. Bears look for a close below the 200-DMA (150.63) to hint at a move back
to 2018 lows with below 150.55 to add weight to their case. To the upside the
150.99-151.06 resistance region is key this week
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.