Free Trial

Little to really add on the JGB front, with....>

JGBS
JGBS: Little to really add on the JGB front, with the focus in the Tokyo morning
falling on the tweaks to the BoJ's 1-10 Year JGB purchase levels, which saw a
Y20bn lift to the size purchased across each of the 3 buckets covering this area
of the curve, largely geared towards promoting market functioning and absorbing
increased supply on the back of greater fiscal burden in the current FY.
- The space may garner light support in early afternoon trade on the back of the
moderation in the offer to cover ratios at today's ops (with the 1-3 Year bucket
seeing the most notable fall in offer/cover terms).
- JGB futures went into the lunch break off best levels, but still 7 ticks
higher on the day. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.