Free Trial

Rinban Cuts Coming? Supply Eyed

JGBS

JGB futures traded lower in the final overnight session of last week, shedding 12 ticks, pressured by the uptick in longer dated U.S. Tsy yields and news that the BoJ would trim the upper and lower boundaries of its JGB purchase bands for Rinban operations out to 5 years by Y50bn apiece during the month of February (which didn't come as any real surprise, given some speculation ahead of the release).

  • Participants will now assess the defensive start to the week, which comes after U.S. Tsys saw a late uptick on Friday.
  • Locally, final m'fing PMI data headlines today, while participants will be cognisant of this week's supply schedule, with 10- (Tuesday) and 30-Year (Thursday) supply waiting in the wings.
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.