Free Trial

Resilience Gives Way

JGBS

JGB futures have cheapened in early Tokyo trade, with the relative resilience evident over the last 24 hours giving way. That leaves the contract -10 at typing, pushing below the base of Monday’s Tokyo range, with the weakness witnessed in U.S. Tsys on Monday finally applying some pressure. Cash JGBs run 0.5-1.0bp cheaper across the curve, with 7s leading the weakness (pointing to a futures-driven move there), while longer dated swap spreads have seen some incremental widening ahead of today’s 30-Year JGB supply. Local data releases, in the form of the wage and household spending prints, were softer than expected.

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.