Free Trial
PERU

BBVA Do Not Rule Out Additional Adjustments

USD

USDSEK targets the September low

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Sedate Morning Trade

JGBS

JGB futures oscillated either side of unchanged levels during the Tokyo morning, hitting the lunch bell+1, sticking to a tight range, while cash JGBs sit 1bp richer to 1bp cheaper across the curve. There hasn’t been much in the way of a meaningful domestic catalysts, leading to a lack of trading conviction during the morning session.

  • Offer/cover ratios nudged higher in the latest round of BoJ Rinban operations, perhaps as participants use the move away from recent cheaps in those maturities as a selling opportunity:
  • 1- to 3-Year: 3.59x (prev. 2.74x)
  • 3- to 5-Year: 2.50x (prev. 1.60x)
97 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

JGB futures oscillated either side of unchanged levels during the Tokyo morning, hitting the lunch bell+1, sticking to a tight range, while cash JGBs sit 1bp richer to 1bp cheaper across the curve. There hasn’t been much in the way of a meaningful domestic catalysts, leading to a lack of trading conviction during the morning session.

  • Offer/cover ratios nudged higher in the latest round of BoJ Rinban operations, perhaps as participants use the move away from recent cheaps in those maturities as a selling opportunity:
  • 1- to 3-Year: 3.59x (prev. 2.74x)
  • 3- to 5-Year: 2.50x (prev. 1.60x)