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Weakness Extends

JGBS

The overnight weakness witnessed in JGB futures has extended, with the contract hitting the lunch break just off session lows, -19 vs. Wednesday’s settlement levels. A technical break below the Nov 30 low has added to bearish momentum after the formation of a double top pattern earlier this month. Local headline flow remains light ahead of the 4-day weekend that will be observed in Japan.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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