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Local COVID Situations Supports

JGBS

The local COVID situation & related, seemingly impending, declaration of states of emergency across the previously highlighted regions has supported the space during the Tokyo morning, with the belly of the curve leading (7s richening by a little over 2.0bp on the day). The outperformance in the belly is supporting futures, with that contract last +15 on the day, building on overnight gains.

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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