Free Trial
US

Atlanta Fed GDPNow Q1 '23 Est

EQUITIES

Earnings Cycle Reaches Critical Mass Next Week

US 10YR FUTURE TECHS

‌‌(H3)‌‌ Approaching Support

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

Super-Long End Leads Modest Weakness

JGBS

Cash JGBs run little changed to 2bp cheaper across the curve in light of Monday’s wider weakness in core global FI markets. 30+-Year paper leads the move after Monday’s relatively aggressive twist flattening, which was a function of Friday’s tweaks to the BoJ’s Rinban plan.

  • 10s are little changed today, limited by their proximity to the upper boundary of the range permitted by the BoJ’s YCC mechanism.
  • JGB futures print -6, sticking to a narrow range thus far.
  • Local headline flow remains limited, with setup for 10-Year JGB supply and any macro headlines set to drive prices during the remainder of today’s morning session.
104 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.

Cash JGBs run little changed to 2bp cheaper across the curve in light of Monday’s wider weakness in core global FI markets. 30+-Year paper leads the move after Monday’s relatively aggressive twist flattening, which was a function of Friday’s tweaks to the BoJ’s Rinban plan.

  • 10s are little changed today, limited by their proximity to the upper boundary of the range permitted by the BoJ’s YCC mechanism.
  • JGB futures print -6, sticking to a narrow range thus far.
  • Local headline flow remains limited, with setup for 10-Year JGB supply and any macro headlines set to drive prices during the remainder of today’s morning session.