EUR: EUR/USD - Looking To Challenge The 1.1850 Resistance As USD Sags
Apr-16 03:11
The EUR/USD range overnight was 1.1772-1.1808, Asia is currently trading around 1.1820, +0.20%. The ...
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JGBS AUCTION: Poll: 20-Year JGB Auction
Mar-17 03:10
*JAPAN 20Y GOVT BOND AUCTION MAY HAVE 100.55 LOWEST PRICE:POLL – BLOOMBERG
MNI EXCLUSIVE: Offshore Yuan Bond Outlook
Mar-17 03:09
A Hong Kong politician shares his outlook for the offshore yuan bond market.
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JGBS AUCTION: 20Y Supply Faces Higher Yield But Flatter Curve
Mar-17 02:47
The Japanese Ministry of Finance (MoF) will today sell Y800bn of 20-Year JGBs. The MoF last sold 20-year debt on 19 February 2026.
- Today’s 20-year JGB auction offers an outright yield 15-20bps higher than last month’s level but still 30bps below the cycle high.
- Consistent with the movement of the broader yield curve, the 10/20 yield curve has recently broken through the bottom of the range that has contained it since the middle of last year. The 10/20 curve is now 25-30bps flatter that its recent high, the steepest since 1999.
- Nevertheless, the 20-year JGB remains mid-range with respect to the 10/20/30 butterfly valuation.
- The auction also takes place against a backdrop of see-sawing sentiment toward long-term bonds given the potential inflationary confluences of the Middle East conflict.
- Given these dynamics, it remains to be seen whether today’s supply will provide positive momentum for JGB auctions or if market caution will weigh on demand.
- Results are due at 0335 GMT / 1235 JT.
