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Mixed Performance

JGBS

Mixed performance was seen across the JGB curve, with 7s underperforming surrounding paper as futures sold off. The latter closed 12 ticks softer vs. Thursday settlement. The long end also saw some light cheapening.

  • Little in the way of major news flow has crossed during Tokyo hours, with most of the local focus falling on speculation surrounding the potential cancellation of this year's Tokyo Olympics. Re: that matter, PM Suga has stressed that he wants the event to go ahead, with various officials stating that the games will be held.
  • Elsewhere, the major national CPI metrics moved further into deflationary territory in December.
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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