MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1049

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Inflation Expectations Remain Well Anchored

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Twist-Flattening, Light Domestic Calendar, Narrow Ranges

JGBS
BulletMarketsFixed Income BulletsHomepage

JGB futures are weaker, -6 compared to the settlement levels after dealing in a narrow range in today’s Tokyo session.

  • Industrial Production was revised down to -0.6% in the final report. Capacity Utilisation fell 0.5% in February.
  • (Bloomberg) Many Japanese companies are paying more to raise money from shorter-tenor notes as the Bank of Japan prepares to wind down corporate bond purchases as part of its historic move away from ultra-accommodative policy. (See link)
  • Cash US tsys are dealing 1-2bps richer in today's Asia-Pac session after finishing Thursday with a slight twist-steepening.
  • The cash JGB curve has twist-flattened, pivoting at the 5s, with yields 0.5bp higher to 4.0bps lower. The benchmark 10-year yield is 2.0bps lower at 0.851% versus the YTD high of 0.871% set yesterday.
  • Swaps are richer, with rates 1-3bps lower across maturities. Swap spreads are tighter out to the 10-year and wider beyond.
  • On Monday, the local calendar is light, with Core Machine Orders as the highlight.
157 words

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.

JGB futures are weaker, -6 compared to the settlement levels after dealing in a narrow range in today’s Tokyo session.

  • Industrial Production was revised down to -0.6% in the final report. Capacity Utilisation fell 0.5% in February.
  • (Bloomberg) Many Japanese companies are paying more to raise money from shorter-tenor notes as the Bank of Japan prepares to wind down corporate bond purchases as part of its historic move away from ultra-accommodative policy. (See link)
  • Cash US tsys are dealing 1-2bps richer in today's Asia-Pac session after finishing Thursday with a slight twist-steepening.
  • The cash JGB curve has twist-flattened, pivoting at the 5s, with yields 0.5bp higher to 4.0bps lower. The benchmark 10-year yield is 2.0bps lower at 0.851% versus the YTD high of 0.871% set yesterday.
  • Swaps are richer, with rates 1-3bps lower across maturities. Swap spreads are tighter out to the 10-year and wider beyond.
  • On Monday, the local calendar is light, with Core Machine Orders as the highlight.