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JGBs Marginally Firmer, 30-Year Supply On Horizon

JGBS

The JGB space was devoid of any meaningful input on Wednesday, resulting in very limited Tokyo dealing. JGB futures sit 10 ticks higher on the day ahead of the close, operating in line with late overnight session levels after sticking to a narrow range. Elsewhere, cash JGB trade has generally seen some light richening, with the major cash JGB benchmarks little changed to 1.5bp richer on the day, led by 7s on the back of the bid futures, with some spill over from Tuesday’s richening in longer dated U.S. Tsys lending support.

  • Looking ahead to tomorrow’s local docket, 30-Year JGB supply will provide the focal point, with BoP data also due.
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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