Free Trial

Support At 146.00 Potentially In Focus, Ueda Before Parliament

JGBS

JGB futures got to 146.10, -.09 post the Tokyo close, reasonably close to lows for the week. Dips in JBH4 sub the 146.00 level haven't been sustained since late Jan, but may be in focus given spill over from the weaker US TSY backdrop.

  • Today the local data calendar has weekly equity flows, along with preliminary Feb PMIs. Later on Department Store sales data is due. Also note that BoJ Governor Ueda appears before parliament at 11:45am local time. Wage talks will be the other focus point, with automakers reportedly agreeing to larger increases for this year compared with last year (see this BBG link).
  • On the debt front we have 3 month bill sales today, along with the enhanced liquidity auction 5-15.5yr.
  • To recap, the 10yr JGB yield ended yesterday at 0.726%, the 10yr swap rate tracks just under 0.90%.

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.