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Trading Resumes After Yesterday’s Holiday

JGBS

In post-Tokyo trade on Friday, JGB futures upticked, closing +5 compared to settlement levels. The local market was closed yesterday for observance of the National Foundation holiday.

  • US tsys see-sawed in narrow ranges on Monday, with modest volumes. The focus for the week is January CPI later today followed by Retail Sales on Thursday.
  • US Inflation expectations in January remained unchanged at the short- and longer-term horizons and declined slightly at the medium-term horizon, according to a New York Fed's survey of consumers. Meanwhile, consumers were more optimistic about their financial situation.
  • Decent corporate bond issuance resumed, with just over $17bn issued, generating decent two-way hedging/unwind flows.
  • Today, the local calendar sees PPI data for January.

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