Bonds - JPY

Basis: Cable deals continue to cascade; Canadians cluster

Another day, another session in the basis swaps market dominated by USD issuance by non-US borrowers but extremely well-supported by GBP supply.

JPY Bonds: BOJ slightly upgrades inflation forecasts

Today the BOJ announced a widely expected unchanged monetary policy decision and slightly upgraded its inflation forecasts.

JPY Bonds: 5y bonds cheap ahead of auction

JGB yields have risen sharply this month so 5-year bonds have cheapened significantly ahead of today's auction.

JPY Swaps: Long-end swaption trade; Bank to up wages

A bearish long-end swaption trade has been highlighted for early-2022. One Japanese bank has promised employees higher wages for next year.

JPY Swaps: 40y flow; Economic upgrade; Curve seen flatter

There has been trade in 40y JPY swaps. Japan upgraded its economic assessment. The curve is seen flatter as the BOJ dampens early normalisation hopes.

JPY Swaps: Spreads edge up; BOJ not close to a shift

Swap spreads are marginally firmer in calm JPY rates trade. The BOJ isn't close to considering a monetary policy shift.

Asia-Pacific MTNs: Callables; Uridashis

Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past week.

JPY Bonds: Issuance changes under consideration

Japan's MOF has outlined debt management changes under consideration for the 2022 fiscal year.

JPY Swaps: Mid sector flow; More 40y supply wanted

There has been light trade in mid sector JPY swaps. Some dealers have asked for more 40y JGB supply.

JPY Swaps: Latest fiscal package ups issuance load

JGBs have reversed late Friday gains after a firm retail sales report. The latest fiscal package will require JPY22trn in new bond issuance.