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Rinban Due, Politics Still Dominate

JGBS

JGB futures added 10 ticks in overnight trade, finishing just below the midpoint of their overnight range, with the pullback from best levels for U.S. Tsys helping the contract away its peak during the second half of the post-Tokyo session.

  • The latest round of opinion polls revealed a shunt higher when it comes to PM Kishida’s approval rating, after the ruling coalition secured a resounding victory in the Upper House elections. Post-election opinion polling highlights the strength of the mandate handed to the ruling coalition, with Prime Minister Kishida looking at three "golden years" of peace until the next general election (see earlier bullet for more details on the polling).
  • BoJ Rinban operations covering 1- to 3-, 5- to 10- & 25+-Year JGBs headline the local docket today.
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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