MAY 1, 2026 AT 01:24 AM
[MARKET ANALYSIS] Cooler Tokyo CPI fails to support JGBs
Importance
Level 1
- UST Futures trades at the lower end of a 110-17+ to 110-22+ range, primarily driven by the downside in JGBs. ISM Manufacturing PMI is expected later, with the headline figure expected at 53.1 (prev. 52.7).
- Bund Futures are closed due to Labour Day holiday.
- JGB Futures has started the Asia-Pac session on the backfoot, reversing the majority of Thursday’s pre-cash gains. The cooler-than-expected Toyko CPI has failed to provide support for Japanese debt, with 10yr JGBs trading just shy of the 129.30 session low.