Bonds - JPY
Strong demand for USD via BOJ swap lines has put pressure on the domestic repo market. The BOJ purchase plan for April is due out this afternoon.
Listing of Asia Pacific structures and vanilla bonds sold by offshore issuers.
JPY swap spreads have narrowed despite the underlying rally. A bullish superlong sector case has been made. USD/JPY basis has corrected higher.
The JPY rates curve is bull flattening after the BOJ upped its JGB purchases earlier today. PM Abe wants an Olympics decision as soon as possible.
Listing of structured bonds and vanilla bonds from offshore issuers in the Asia Pacific currencies over the past week.
JPY swaps spreads and clearing basis have edged up after the BOJ emptied its monetary policy tank through asset purchases and liquidity measures.
Long-dated JPY swaps have been well offered by foreigners heading into an emergency BOJ meeting today.
Update on structured bonds and others issued by foreign borrowers in the Asian Pacific currencies over the past week.
‘Partial normalization’ is probably the uninspiring phrase of the day today as equities bounced, bonds sold off and the EUR/USD first break tightened.
Superlong JPY swap spreads have plunged to new lows on the recent and extreme virus-related yen strength and Nikkei weakness.