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Yields have edged higher across the curve,.....>

JGBS
JGBS: Yields have edged higher across the curve, with futures trading a touch
softer, as the space trades in sympathy with the global risk appetite.
- 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 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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