[MARKET ANALYSIS] Fixed income trades muted ahead of BoJ rate announcement
Importance
Level 1
- UST Futures continue to hold onto gains following the heavy US data docket, which saw PCE come in as expected, limiting the move in USTs.
- Bund Futures oscillate around Thursday’s settlement price, as markets await EZ flash PMIs.
- JGB Futures trade flat, reversing earlier gains seen following the slightly cooler inflation print, as markets await the BoJ rate decision during the Tokyo lunch break. Traders are expecting the Bank to leave rates unchanged, with eyes on the updated outlook report and the post-policy conference by Governor Ueda.
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