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JGBs looked to offshore matters for their......>

JGBS
JGBS: JGBs looked to offshore matters for their cues, operating around best
levels at writing, albeit within a narrow, familiar range. Yields generally
trade a touch lower across the curve.
- The latest round of labour earnings data was disappointing, although household
consumption topped exp.
- Elsewhere, heightened uncertainties over the outlook for the economy and
prices prompted the Bank of Japan to clarify the continuation of its easy policy
and the forward guidance for rates at the April 24-25 policy-setting meeting,
the summary of opinions at the meeting released Friday showed.
- The latest 10-Year JGBi auction had no notable impact on breakevens, with
inflationary pressures still muted. The cover ratio edged slightly higher vs.
the previous auction, while the % allotted at the high yield surged.
- BoJ Rinban operations covering 1-5 Year paper headline the domestic docket on
Monday.
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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