Free Trial

The broader risk-on tone weighed on JGBs.......>

JGBS
JGBS: The broader risk-on tone weighed on JGBs during early afternoon trade on
Thursday, with futures moving further away from key resistance as the Nikkei 225
moved into positive territory. That was before strained Sino-Australian trade
tensions limited risk appetite late in the day.
- Futures continued to drift lower overnight, alongside Tsys.
- Twist flattening of the curve was seen in cash trade on Thursday, as
super-long paper continued to outperform, with yields in the sector hitting the
lowest levels seen since November 2016 in the process.
- A soft Nikkei manufacturing PMI print had provided support earlier in the day.
- Focus today moves to national CPI data and the latest round of BoJ Rinban
operations.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.