Latest news with #TomohisaFujiki
Wall Street Journal
21-04-2025
- Business
- Wall Street Journal
Volatility in JGB Market Remains High
0021 GMT — Volatility in the JGB market remains high. 'With trading thin, price movements are large in the long-term sector in particular, and the levels at which it will settle are unclear,' Citi Research's Tomohisa Fujiki says in a recent research report. The market hasn't fully stabilized, says the rates strategist, adding Citi sees significant price swings around the Japanese Finance Ministry's liquidity enhancement auction on Tuesday. The ministry is scheduled to offer a combined 450 billion yen worth of many issues of outstanding 20-year, 30-year and 40-year JGBs. The 10-year JGB futures are 0.16 yen higher at 141.24 yen. (
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
JGB Yields Slide; Market Boosted by Likely Safe-Haven Demand
0015 GMT — JGBs yields slide in early Tokyo trade, with JGB prices boosted by likely safe-haven demand for Japanese government debt. Amid a swift shift to risk-off sentiment, JGB yields have fallen sharply, Citi Research's Tomohisa Fujiki says in a recent research report. Levels don't seem out of place given the external environment, but if August 2024 is used as a guide, another slide in JGB yields of 5-10 bps can't be ruled out, the rates strategist says. The two-year JGB yield drops 7 bps to 0.540%, its lowest intraday level since November 2024, according to data provider Quick. (
Wall Street Journal
04-03-2025
- Business
- Wall Street Journal
JGBs Mixed; May Track U.S. Treasurys
0019 GMT — JGBs are mixed, but may track overnight price gains in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. For today, the Japanese Ministry of Finance's auction of 2.6 trillion yen in 10-year JGBs could be digested smoothly, Citi Research's Tomohisa Fujiki says in a research report. The underperformance of the 10-year yield on the curve and the level of the yield should be supportive, the rates strategist says. Investors may look to sell 30-year JGBs in a bull market and 5-year sovereign notes in a bear market, Fujiki adds. The 2-year JGB yield is unchanged at 0.825%; the 5-year yield is up 0.5bp at 1.045%; the 10-year yield is down 0.5bp at 1.400%. (
