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Ranges Tight, Rinban Sizes Unchanged

JGBS

A tight morning session for the space, with little to add on the news flow front. Futures finished the morning session 1 tick above Monday's Tokyo settlement level, with yields across the cash curve richer at the margins, operating within 1.0bp of Monday's settlement levels.

  • BoJ Rinban ops covering 1-10 Year paper saw purchase sizes left unchanged, with the following offer/cover ratios:
  • 1-3 Year: 2.29x (prev. 2.62x)
  • 3-5 Year: 2.85x (prev. 2.47x)
  • 5-10 Year: 3.11x (prev. 2.34x)
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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