© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

JGBS Off Monday Highs, Labor Earnings Close To Expectations

JGBS
BulletMarketsFixed Income NewsHomepage

Post Tokyo trade, JGBs finished at 144.22, -.20. This was comfortably off session highs around 144.55 from earlier on Monday. US yields recovered from Friday lows, with consistent gains across the curve, which likely aided the offered tone.

  • On the data front, labor earnings for September were close to expectations. Nominal earnings rose 1.2% y/y in line with the forecast, but were revised lower for the prior outcome to +0.8%. In real terms, we came in at -2.4% y/y (-2.3% forecast and -2.8% prior). Household spending was -2.8%y/y, against a -2.9% forecast and -2.5% prior.
  • In the bond space we had 10yr yields finish yesterday at 0.883%, slightly above session lows. The 10yr swap was last at 1.065%, also above recent lows.
  • On the flow front today the MoF will sell ¥250bn of 10yr inflation linked bonds at 12:35pm local time.
140 words

To read the full story

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.

Post Tokyo trade, JGBs finished at 144.22, -.20. This was comfortably off session highs around 144.55 from earlier on Monday. US yields recovered from Friday lows, with consistent gains across the curve, which likely aided the offered tone.

  • On the data front, labor earnings for September were close to expectations. Nominal earnings rose 1.2% y/y in line with the forecast, but were revised lower for the prior outcome to +0.8%. In real terms, we came in at -2.4% y/y (-2.3% forecast and -2.8% prior). Household spending was -2.8%y/y, against a -2.9% forecast and -2.5% prior.
  • In the bond space we had 10yr yields finish yesterday at 0.883%, slightly above session lows. The 10yr swap was last at 1.065%, also above recent lows.
  • On the flow front today the MoF will sell ¥250bn of 10yr inflation linked bonds at 12:35pm local time.