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Yields edged higher across the curve in the....>

JGBS: Yields edged higher across the curve in the morning session, with futures
trading a touch softer, as the space traded in sympathy with the global risk
appetite, although a modest bid has returned to the super-long end in afternoon
- BOJ Governor Kuroda took to the wires in early dealing and maintained his
optimistic growth and inflation outlook for Japan's economy, while highlighting
that the most recent survey conducted by the Bank showed that business sentiment
was hit by rising costs and uncertainty over the impact of U.S. trade disputes
on global demand.
- Participants will focus on tomorrow's 5-Year JGB supply, as well as Thursday's
20-Year issuance.
- Bulls look to 151.02-19 where the 2018 & monthly highs are situated. Daily
studies looking to correct from modestly overbought levels and the lack of
topside follow through remain concerns for bulls. In saying that, bears still
need a close below 150.89 to signal a false break higher and return initial
focus to 150.71-80
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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