Free Trial
JAPAN DATA

Japan June Inflation Accelerated; +2.2% Y/Y

AUDNZD

Attempting To Break Above 1.1100

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
BOND SUMMARY
BOND SUMMARY: The underlying theme so far today is risk-on, with Eurozone
economic data (GDP, PMIs) largely in line with modest expectations and political
developments helping the EMU periphery. 
-Specifically, pushback from Italy President Mattarella on fresh elections has
helped 10-year BTP/Bund spreads fall to 117.5bps, down more than 5bps from
Monday's pre-holiday close. German 10-yr Bund yield is 2.3bp higher at 0.582%.
- Better than expected UK construction data for April accelerated losses for
June gilt futures, trading 44 ticks lower at 122.01. 
- US 10y Tsy yields are up 2.4bps and look like they are again going to test the
3.00% level, now at 2.9906%. Focus is on today's FOMC MonPol decision, with the
Fed expected to stand pat. Participants are looking to the June meeting, with
markets fully pricing in a hike at next month's decision. US ADP data also hits
today. The US Tsy will also announce its quarterly refunding details.
- JGBs slipped as Tsys moved lower and the latest liquidity enhancement auction
for JGBs with 1-5 Years until maturity experienced a softer bid-to-cover ratio
than the prior. Jun8 JGB futures last trade 5 ticks worse off at 150.83.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.