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HKMA Intervenes In HKD

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JGBS
JGBS: JGBs turned bid in Thursday's morning session on the back of the broader
risk aversion noted in global markets. Futures registered a fresh contract high
in the afternoon before running out of upward momentum, with the curve twist
steepening late in the day. Futures moved closer to Thursday's highs in the
overnight session.
- BoJ Gov. Kuroda did the bid no harm as he noted global risk factors, stressing
that the Bank will act appropriately, and has the capacity to act if required.
- A sharply lower Nikkei 225 also lent support to the space.
- Local wage data headlines the docket today.
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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