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Little Changed Across Curve, Futures Pare Overnight Losses

JGBS

Cash JGBs are essentially unchanged across the curve, with the COVID unrest headlines out of China and rumours surrounding the size of the Japanese government’s planned defence spending scheme seemingly offsetting. This has allowed JGB futures to unwind overnight losses, last -3, with the presence of impending BoJ Rinban operations covering 3- to 25+-Year JGBs also lending some support. Also note that Governor Kuroda will appear in the diest this morning (10:100 Tokyo/01:10 London).

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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