Free Trial
STIR

SOFR Call Spd

US TSY OPTIONS

5Y Weekly Midcurve Call Spd

EQUITY TECHS

E-MINI S&P (Z2): Trading Above Last Week’s Low

SOY TECHS

(F3) Trend Needle Still Points North

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

Tokyo Returns, The BoJ May Be Tested Again

JGBS

Tokyo returns after the elongated weekend in the wake of Friday’s Gilt-driven weakness in wider core global FI markets, although the longer end of the U.S. Tsy curve regained some poise as we moved through NY dealing.

  • Flash PMI data, an address from BoJ Governor Kuroda and BoJ Rinban operations covering JGBs out to 10s headline the domestic docket today.
  • We don’t expect Kuroda to provide much in the way of fresh information given the proximity to last week’s BoJ decision and post-meeting communique.
  • We will also be on the lookout for any tweaks surrounding the quantity of the purchases deployed by the BoJ in its Rinban operations given bond market dynamics since Thursday’s Tokyo close.
  • Proximity to Tuesday’s 40-Year JGB supply may also be felt in price action.
129 words

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.

Tokyo returns after the elongated weekend in the wake of Friday’s Gilt-driven weakness in wider core global FI markets, although the longer end of the U.S. Tsy curve regained some poise as we moved through NY dealing.

  • Flash PMI data, an address from BoJ Governor Kuroda and BoJ Rinban operations covering JGBs out to 10s headline the domestic docket today.
  • We don’t expect Kuroda to provide much in the way of fresh information given the proximity to last week’s BoJ decision and post-meeting communique.
  • We will also be on the lookout for any tweaks surrounding the quantity of the purchases deployed by the BoJ in its Rinban operations given bond market dynamics since Thursday’s Tokyo close.
  • Proximity to Tuesday’s 40-Year JGB supply may also be felt in price action.