[MARKET ANALYSIS] JGBs consolidate as Japan's FinMin surges calm
Importance
Level 1
- UST Futures rebounds slightly following Tuesday’s selloff, which was led primarily by JGBs as worries over fiscal sustainability grow. Despite the worries of risk, the US 10-year yield remains below 4.3%.
- Bund Futures return above the 128 handle as global markets ‘calm down’ following the turmoil in JGBs.
- JGB Futures rebound slightly following the recent selloff that has seen 40-year yields reach levels not seen since their debut. Japan’s Finance Minister Katayama called on investors to calm down, stating that the fiscal policy has been responsible and sustainable, not expansionary. US Treasury Secretary Bessent also commented on the recent JGB slump, as USTs were also hit as a result.
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