MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ueda Comments Help Drive Futures Off Highs, Onshore Markets Closed Tomorrow

JGBS

JGB volatility has continued post the lunch time break. We were last 146.17, -.02. Earlier highs rested at 146.45. We remain above lows that were seen close to the open of 146.06.

  • BoJ Governor Ueda is before parliament at the moment and is generally giving upbeat comments around Japan's inflation and growth backdrop. The economy is expected to strengthen, and that Japan is experiencing inflation. This has likely weighed on futures to a degree.
  • Ueda also noted companies are becoming more active in terms of wage hikes, which is consistent with recent BBG reports from automakers, which granted larger rises this year compared to last year.
  • In the cash JGB space, we are firmer in yield terms, but only modestly and for the most part remain sub earlier highs. The 10yr was last near 0.73%. For swap rates, the 10yr was last just above 0.89%.
  • Tomorrow onshore markets are closed for the Emperor's Birthday holiday.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.