Free Trial

Monday provided a very limited session for.....>

JGBS
JGBS: Monday provided a very limited session for JGB futures after a brief blip
lower at the re-open, with the long end of the curve experiencing some marginal
underperformance in the latter part of the session.
- Redemptions for 2-Year paper occurred (totalling Y2.33tn), which may have
added an extra layer of support to front end of the space.
- BOJ Governor Kuroda took to the wires over the weekend and noted that the
Bank's YCC is its main policy tool, and that a signal re: a MonPol shift would
be a change in the BOJ's target rate (when the 2% inflation target is met/close
to being met).
- Participants look to today's 5-Year JGB supply ahead of the BOJ's Rinban
operations due Wednesday & Friday, addresses from BOJ Gov. Kuroda (Thursday &
Friday) & Dep. Gov. Amamiya (Saturday), as well as 20-Year JGB supply
(Thursday).
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.