Free Trial

Nikkei Advance Pressures Futures

JGBS

Futures pare the overnight gains from the re-open, with the bid in the Nikkei 225 (aided by the aforementioned story surrounding Berkshire Hathaway buying stakes in the 5 largest Japanese trading firms) and choppy trade for the USD/JPY applying weight to the contract, which last trades +5 vs. settlement. Cash trade sees yields marginally mixed, typically within 0.5bp of Friday's closing levels, with swap spreads generally a touch wider on the day.

  • Local data saw industrial production top expectations, while retail sales missed consensus.
  • Impending 1-5 Year BoJ Rinban ops eyed.
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.