Free Trial

Thanksgiving Lull

BOND SUMMARY

Little to write home so far, with cash Tsy markets closed & activity limited owing to the Thanksgiving holiday in the U.S. Regional headline flow has been rather uninspiring so far, leaving core FI happy to hug tight ranges. T-Notes trade +0-01+ at 138-10, with Eurodollar futures running unch. through the reds.

  • JGB futures have faded an earlier uptick, remaining rangebound in the process, and last trade at 152.15, +1 tick vs. settlement. The super-long end of cash JGB curve underperforms at the margin, as some very mild steepening has crept in. The BoJ left the sizes of its 1-3 & 5-25 Year JGB purchases unch. MoF officials will hold meetings on Japan's third extra budget/debt issuance. The meeting with bond investors has just started and another one with primary bond dealers is slated at 16:00 local time.
  • In Australia, YM trades flat & XM +1.5. Cash ACGB curve has bull flattened a tad, with yields sitting unch. to -2.1bp. Bills trade unch. to -1 tick through the reds. The RBA offered to buy A$2.0bn worth of ACGBs with maturities of Nov '28 - Nov '31 as part of its QE programme.

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.