Free Trial

Pressure Extends After Light Reprieve At Tokyo Re-Open

JGBS

JGB futures nudged higher at the Tokyo re-open, given the recovery from NY lows in U.S. Tsys, before pressure came back in as core fixed income markets softened. This pushed JGB futures below their overnight trough, hitting the break -18, while cash JGBs sit 0.5-1.5bp cheaper, with the belly leading, mimicking Tuesday’s developments on the U.S. Tsy curve and reflecting a bit of a futures driven move. Local headline flow has been modest, with stale minutes from the BoJ’s October meeting and familiar speculation re: the government’s GDP & FY22 budget proposals doing the rounds.

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.