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Narrow Ahead Of Supply

JGBS

Futures edged away from late overnight session levels at the Tokyo re-open, as local participants reacted to the modest cheapening that was seen in U.S. Tsys in the latter rounds of NY dealing. Still, the contract held to a narrow range, with nothing in the way of meaningful news flow observed, hitting the lunch bell 4 ticks above yesterday's settlement level. Cash JGBs trade little changed to marginally firmer across the major benchmarks. This afternoon's 40-Year JGB supply provides the main event for the space today.

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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