MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

MNI China Daily Summary: Monday, January 6

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI: FRANCE DEC HICP +0.2% M/M, +1.8% Y/Y

MNI: SWISS DEC CPI -0.1% M/M, +0.6% Y/Y

MNI: AUSTRALIA NOV BUILDING APPROVALS -3.6% M/M, +3.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JGBS: Futures Slightly Higher Overnight, Tokyo CPI Slightly Higher Than Expected

JGBS
BulletAPACFixed Income BulletsJapanMarkets

In post-Tokyo trade, JGB futures are slightly stronger, +4 compared to settlement levels, with the US markets out for the Thanksgiving holiday. US equity futures drifted higher. S&P 500 futures were up 0.3%.

  • Tokyo CPI has printed at +2.6% y/y versus +2.2% est. and +1.8% prior. Core and core-core have printed +2.2% y/y and +1.9% y/y respectively versus estimates of +2.0% and +1.9% and priors 1.8%.
  • Labour market data has also been published. The unemployment rate is at +2.5% versus +2.5% est. and +2.4% prior. The Job-to-Applicant Ratio is 1.25 versus 1.24 est. and 1.24 prior.
  • With US markets closed overnight, the main move came in European bond markets amid a French political crisis as Prime Minister Michel Barnier struggles to secure approval for next year’s budget. The far-right National Rally was hinting at a vote to bring down the government if its budget demands are not met.
  • The gap between French 10-year rates and safer German equivalents widened as much as four basis points to 90bps on Wednesday, the highest since 2012, before falling back to 85bps.
  • Today, the local calendar will also see Retail Sales, Housing Starts and Industrial Production data alongside 2-year supply.
192 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.

In post-Tokyo trade, JGB futures are slightly stronger, +4 compared to settlement levels, with the US markets out for the Thanksgiving holiday. US equity futures drifted higher. S&P 500 futures were up 0.3%.

  • Tokyo CPI has printed at +2.6% y/y versus +2.2% est. and +1.8% prior. Core and core-core have printed +2.2% y/y and +1.9% y/y respectively versus estimates of +2.0% and +1.9% and priors 1.8%.
  • Labour market data has also been published. The unemployment rate is at +2.5% versus +2.5% est. and +2.4% prior. The Job-to-Applicant Ratio is 1.25 versus 1.24 est. and 1.24 prior.
  • With US markets closed overnight, the main move came in European bond markets amid a French political crisis as Prime Minister Michel Barnier struggles to secure approval for next year’s budget. The far-right National Rally was hinting at a vote to bring down the government if its budget demands are not met.
  • The gap between French 10-year rates and safer German equivalents widened as much as four basis points to 90bps on Wednesday, the highest since 2012, before falling back to 85bps.
  • Today, the local calendar will also see Retail Sales, Housing Starts and Industrial Production data alongside 2-year supply.