Free Trial

The JGB curve flattened this morning as the....>

JGBS
JGBS: The JGB curve flattened this morning as the super-long end outperformed
heading into today's liquidity enhancement auction for 5-15.5 Year JGBs.
Although the cover ratio moderated at the auction the spread that the issuance
was conducted at edged further into negative territory, which has made for a
relatively quiet afternoon session. JGB futures have eased a tad and last traded
at 150.85, unchanged on the day.
- Samurai issuance from Lloyds & Indonesia has now priced ahead of an expected
ramp up in volumes in June, with JPY tightening after the pricing following
widening over the prior 2 sessions on the back of hedging flows.
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.