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Super Long End Outperforms Ahead Of Tomorrow's Event Risk

JGBS

A limited afternoon session for the space leaves futures +1 after the contract gave back its overnight gains and more during the Tokyo morning, with an eye on tomorrow's 10-Year supply.

  • Modest outperformance for 30-Year+ paper. Swap spreads are a little wider across the curve.
  • The size of the latest round of 3-5 Year BoJ Rinban was left unchanged, with the offer to cover ratio nudging higher and spreads widening a touch.
  • The aforementioned round of 10-Year JGB issuance and the quarterly BoJ Tankan reading headline locally tomorrow.
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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