JGB Futures Mixed; May be Supported by U.S. Treasurys Gains
Dow Jones
Yesterday
0013 GMT - JGB futures are mixed in the early Tokyo session, but may be supported by overnight price gains in the U.S. Treasury market. "Japanese and U.S. yields have recently become more closely correlated," SMBC Nikko Securities' Ataru Okumura says in a recent note. "UST yields are likely to face upward pressure from AI boom-driven strength in business sentiment, inflationary pressure, and fiscal concerns," the chief Japan rates strategist says. "In Japan, fiscal developments could re-enter the spotlight as ministries gradually unveil their requested budgets for FY27," Okumura adds. September 10-year JGB futures contract is 0.05 yen lower at 126.54 yen, while December contract is 0.03 yen higher at 125.94 yen.
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