-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessPREVIEW: 10-Year Supply Due
The Japanese MOF will today sell Y2.6tn of 10-Year JGB's re-opening JB#361. The MOF last sold 10-Year debt on January 6, the auction drew cover of 3.404x at an average yield of 0.019%, average price of 100.80, high yield of 0.022%, low price of 100.77, with 32.9842% of bids allotted at the high yield.
- While the recent outright cheapening presents a more attractive entry point (10-Year yields have tapped multi-year highs in recent days), the reason behind the cheapening (speculation re: the potential for the BoJ to adopt a wider permitted 10-Year JGB yield trading band in its monetary policy review) may deter participants from aggressive bidding at today's auction.
- The 5-/10-/20-Year JGB butterfly sits in the middle of its recent range, with the 5-/10-Year and 10-/20-Year yield spreads printing their respective multi-month and multi-year highs in recent sessions, aided by the aforementioned speculation surrounding BoJ matters.
- 10s provide the most attractive carry & roll proposition on the curve at present, although the aforementioned caution may at least partially negate this.
- Results due at 0335GMT/1235JST.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.