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JGBs re-open after the holiday extended........>

JGBS
JGBS: JGBs re-open after the holiday extended weekend.
- Back on Wednesday the JGB market reversed course with yields rising across the
curve.
- The 1-5 Year liquidity enhancement auction passed smoothly, but the space came
under pressure heading into the weekend.
- Today will see the BoJ conduct Rinban operations in the 1-5 & 10-25+ Year
buckets, as well as the release of the minutes from the BoJ's March MonPol
decision (these are outdated, with the summary of opinions from the BoJ's April
decision due on Thursday).
- Barclays "expect sellers to take a slight upper hand around the long end ahead
of Tuesday's 10-Year JGB auction."
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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