Free Trial

Wider Central Bank Speak Weighed On Futures Overnight

JGBS

JGB futures softened overnight, with hawkish ECB & Fedspeak applying some pressure, leaving the contract -18 vs. Tokyo settlement.

  • The monthly domestic labour market report has already crosses, revealing an unchanged unemployment rate and little movement in the job-to-applicant ratio, meaning that the release will maintain its usual non-market moving status.
  • There hasn’t been much else in the way of domestic news flow to digest since yesterday’s local market close.
  • Retail sales data will cross shortly, with fairly steady rates of M/M & Y/Y rises expected, while 2-Year JGB supply is due in the early part of the Tokyo afternoon.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.