MNI BRIEF: UK Services Inflation May Persist - Lombardelli

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

MNI: GERMANY APR ZEW CURRENT CONDITIONS -79.2

MNI: GERMANY ZEW APR ECONOMIC EXPECTATIONS 42.9

GBPUSD possible reversal if STIR markets see more rate cut expectations

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

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

Light Twist Steepening

JGBS

The major benchmark cash JGB yields are ultimately little changed on the day, with 10s failing to break below 0.01% thus far and some modest cheapening witnessed in the long end of the curve, resulting in some twist steepening. JGB futures hit the lunch break 2 ticks below yesterday's settlement level, unwinding the late overnight bid that was witnessed (which seemed a bit out of line vs. the likes of U.S. Tsys).

  • Comments from BoJ Deputy Governor Amamiya failed to introduce any new areas of interest, while the release of the stale minutes from the BoJ's June meeting was never going to be a major market mover.
  • The latest round of BoJ Rinban operations revealed the following offer to cover ratios:
  • 1- to 3-Year: 2.38x (prev. 2.83x)
  • 3- to 5-Year: 2.63x (prev. 2.69x)
  • 5- to 10-Year: 3.07x (prev. 1.82x)
  • JGBis: 3.19x (prev. 5.50x)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.