Log in Register

Fixed Income Commentary

Intriguing RV graphs: Impact of "US jobs data shock" on JGB market

Download PDF Printable Version

Related Content

Intriguing RV graphs: Impact of "US jobs data shock" on JGB market

Key points

  • Market mood shifts dramatically following "US jobs data shock"; we examine impact on JGB market based on similar experience last year

  • Last year, JGB yields declined (mainly in futures market) on diminished rate hike expectations, ASW spreads widened in super-long zone on risk aversion

  • Meanwhile, some differences vs last year; downward pressure on yields could be more limited/temporary this time and reaction in super-long zone amplified

Disclaimer Terms and Conditions

I understand that any materials on this website have been produced only for persons regarded as professional investors (or equivalent) in their home jurisdiction and in jurisdictions which the MUFG entity producing the material is permitted to do so under applicable laws, rules and regulations.

I also understand that all materials on this website are not investment research or investment advice.

Continue Exit