register nowRegister now
SWITZERLAND

CHF LIBOR FIX - 04-03-2021

EUROZONE

EUR LIBOR FIX - 04-03-2021

JAPAN

JPY LIBOR FIX - 04-03-2021

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Bearish Risk Remains Present

UK

GBP LIBOR FIX - 04-03-2021

US

USD LIBOR FIX - 04-03-2021

JGBS
JGBS: The JGB curve reversed course on Thursday, recording a session of
bear-steepening after 2 sessions of notable flattening. This was facilitated by
a recovery in broader risk sentiment, as equities ticked higher.
- The latest 2-Year JGB auction cleared smoothly, which supported shorter dated
paper, while month-end extensions perhaps limited the downside across the curve.
- The BoJ has kept its purchasing ranges unchanged from May, in line with
broader expectations.
- The BoJ will conduct Rinban operations covering the 5-10 Year bucket today.
- Barclays suggest that "today could see buyers take a slight upper hand on the
back of risk-off flows, led by the super-long end, where supply and demand is
expected to be solid in the first half of the month."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com