Free Trial

The widely touted trimming of the purchase.....>

JGBS
JGBS: The widely touted trimming of the purchase size of the BoJ's 5-10 Year
Rinban operations came to fruition and provided some light pressure for JGBs,
with futures going out 9 ticks lower on the day after a brief look below the
overnight low.
- The breakdown of the operations revealed slightly higher offer to cover ratios
for the 1-3 & 5-10 Year buckets vs. previous ops, with the yield spread ticking
up for the 5-10 Year purchases.
- The curve has unwound the earlier steepening, with super-long yields little
changed and the 7-10 Year sector underperforming.
- Focus now falls on the BoJ's September Rinban plan, scheduled for release
after hours today.
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.