Free Trial

The JGB curve has continued the steepening.....>

JGBS
JGBS: The JGB curve has continued the steepening seen on Thursday & Friday of
last week, JGB futures last trade 11 ticks lower at 150.47, after printing
session lows of 150.43. - Last week's soft 20-Year JGB auction & the steepening
of the US yield curve has pressured JGBs with eyes on the BoJ's MonPol decision
& May JGB buying plan, both due on Friday.
- Swaps have widened from 10-Years out, but narrowed in the maturities up to
10-Years.
- Futures have crossed under the low from Feb 15 (150.51), with the next support
level noted at the Feb 01 high (150.36). Bulls now look for a close back above
Friday's hourly resistance level (150.66).
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.