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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.
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Free AccessThe JGB curve twist-flattened on Friday. The...>
JGBS: The JGB curve twist-flattened on Friday. The morning session saw sellers
benefit from risk-on flows & US Tsy weakness overnight, but the super-long end
held firm
- The size of Friday's Rinban sizes remained unchanged across all sectors, with
supportive factors noted for the longer dated operations, allowing the
super-long to drive further bull-flattening, while the shorter dated buckets saw
less favourable developments.
- Barclays suggest that the "market is likely to remain firm this week on solid
supply and demand. Returns on FX-hedged US Tsys have deteriorated on rising USD
funding costs, while entrenched JPY appreciation pressures make it difficult for
the BoJ to reduce its buying operations. Although the market could meet upside
resistance given the current level of super-long yields, we believe JGBs could
rally another notch depending on overseas yields and risk sentiment. This week's
highlights include Tuesday's 5-Year JGB auction & Thursday's 20-Year JGB
auction."
To read the full story
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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.