Free Trial

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

JGBS: The JGB curve has continued the steepening seen on Thursday & Friday of
last week, JGB futures last trade are 150.62, up 4 ticks, after printing session
lows of 150.43, with cash yields well back from session highs with hedging
demand anticipated as we head towards the Golden week holiday.
- Last week's soft 20-Year JGB auction & the steepening of the US yield curve
have pressured longer dated JGBs with eyes on the BoJ's MonPol decision & May
JGB buying plan, both due on Friday.
- The latest round of BoJ Rinban operations, covering the 1-5 Year buckets, saw
a steady nominal amount of purchases, with the offer to cover ratios broadly
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story


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.