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JGBs have stuck to a tight range, with the.....>

JGBS
JGBS: JGBs have stuck to a tight range, with the longer end of the curve giving
back a portion of Friday's gains.
- This has ultimately led to some underperformance in Japanese paper vs. global
peers ahead of this week's 5 & 30-Year JGB supply with no Rinban operations
apparent today.
- Benchmark 10-Year JGBs hadn't traded as of 30 minutes ago according to
reports.
- Bears have so far failed to capitalise on Wednesday's sell-off with futures'
recovery resulting in pops above the 100 & 200-DMAs. The 150.88-94 resistance
region is key today. Bulls need a close above this region to return focus to the
151.02-19 resistance region. Daily studies remain well placed for gains. Bears
now need a close below 150.71 to gain breathing room.
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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