JGB Futures Edge Higher, Tracking Gains in U.S. Treasury Market
Dow Jones
Yesterday
0017 GMT - JGB futures edge higher in the early Tokyo session, tracking overnight price gains in U.S. Treasury market. JGBs and Treasurys tend to move in tandem. "We anticipate that buying will be slightly dominant" today following Tuesday's pause in Treasury yields' rise, Mitsubishi UFJ Morgan Stanley Securities' fixed income strategists say in commentary. Focus may also be on the BOJ's scheduled outright purchases today in three sectors of the JGB market including sovereign debt with tenors of more than 10-years and up to 25-years, the strategists add. Benchmark 10-year JGB futures are 0.05 yen higher at 124.30 yen.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.