Free Trial

Quiet Start To Asia-Pac Trade, 5-Year JGB Supply In Focus


It has been a relatively uneventful start to the session. T-Notes trade -0-03+ at 131-23, hugging a 0-03 range. Cash Tsy yields sit 0.2-0.9bp lower across a marginally flatter curve. Eurodollar futures trade unch. to -1.0 tick through the reds.

  • JGB futures have wavered around neutral levels, last sit at 151.26, just 2 ticks below Wednesday's settlement. Cash curve has steepened a tad, as the super-long end underperforms. The space shrugged off a beat in Japan's BoP current account balance. Focus moves to domestic consumer confidence & Eco Watchers Survey, as well as auctions for 5-Year JGBs & 6-Month Bills.
  • ACGB yields trade -1.0bp to +1.0bp across the curve, with belly outperforming. YM last seen +0.5 & XM +1.0 as we type. Bills trade -1 to +1 tick through the reds. There is little of note on the local docket today.

To read the full story



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.