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Narrow, Modest Cheapening Bias

JGBS

A sedate morning for JGBs, with the pressure in the U.S. Tsy space seemingly applying some modest weight here, leaving cash JGBs little changed to ~0.5bp cheaper across the curve, while futures hit the lunch break 2 ticks below yesterday's settlement levels. There was little to note on the domestic front during the morning session, outside of softer than expected Q1 CapEx data re: Japanese corporates.

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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