Satomi's Feed
May 14, 2010

JGB futures up on Nikkei fall, revived safety bids

TOKYO, May 14 (Reuters) – Japanese government bond futures
gained on Friday as Tokyo’s Nikkei share average fell and as
worries that new austerity measures in Europe will slow global
economic growth helped safe-haven bids.

Short-term players bought futures and medium-term notes, but
the yield on superlog bonds edged up amid the absence of buying
from Japan life insurers, a core investor in the maturities, and
dealers sold them to lighten inventory after a 40-year bond
auction the previous day.

May 13, 2010

JGBs slip as Nikkei rallies but losses limited

TOKYO, May 13 (Reuters) – Japanese government bonds fell on
Thursday, tracking Treasuries lower and as Tokyo shares rose
after the euro zone’s latest efforts to halt its budget crisis
trimmed the appeal of safe-haven government bonds.

Treasuries fell the previous day after Spain announced
sweeping austerity measures while the European Commission sought
unprecedented power to scrutinise national budgets, helping U.S.
stocks higher. [US/]

May 13, 2010

JGB futures dip as Nikkei rises but losses limited

TOKYO, May 13 (Reuters) – Japanese government futures fell on
Thursday, tracking Treasuries lower and as Tokyo shares rose
after the euro zone’s latest efforts to halt its budget crisis
trimmed the appeal of safe-haven government bonds.

Treasuries fell the previous day after Spain announced
sweeping austerity measures while the European Commission sought
unprecedented power to scrutinise national budgets, helping U.S.
stocks higher.[US/]

May 11, 2010

JGBs slip before 10-yr auction while shares climb

TOKYO, May 11 (Reuters) – Japanese government bonds dipped on
Tuesday as Tokyo shares continued to rise following a massive
euro zone rescue package, and ahead of a 10-year bond auction
later in the day.

But JGB losses were limited compared with other government
bonds such as German Bunds and U.S. Treasuries, which plunged on
Monday on expectations that a $1 trillion plan to halt the euro
zone’s burgeoning debt crisis would restore stability to global
financial markets. [ID:nSGE6490HH]

May 10, 2010

USD funding costs drop as Fed swap lines revived

TOKYO, May 10 (Reuters) – Front-month Eurodollar futures
jumped on Monday and U.S. swap spreads shrank sharply after the
Federal Reserve revived dollar swap facilities with major
central banks to contain a worsening dollar shortage, stoking
expectations for lower dollar LIBOR rates.

The Fed reopened currency swap lines established during the
2007-2008 financial crisis as part of a coordinated response to
keep Greece’s debt crisis from spreading to the rest of Europe
and further roiling financial markets.

May 10, 2010

JGBs fall after EU move; BOJ offers same-day funds

TOKYO, May 10 (Reuters) – Japanese government bonds dipped on
Monday as Tokyo shares climbed amid moves by euro zone ministers
and the European Central Bank to ease tensions caused by the euro
zone debt crisis, spurring some selling of safe-haven debt.

Caution over bond prices rising too high before a 10-year
debt auction on Tuesday also pulled JGB futures down further from
two-month highs and lifted the yield on the benchmark 10-year
bond.

May 7, 2010

Euro off lows, eyes on G7 call on Greece

TOKYO (Reuters) – The euro nursed chunky losses on Friday after news that finance ministers from Group of Seven nations will discuss debt-stricken Greece later in the day, while sterling hit a 1-year low against the dollar on political uncertainty in Britain.

The euro scraped back above $1.2700 after marking its latest 14-month low of $1.2510 on Thursday and shedding 1.6 percent when a steep plunge in U.S. stocks had regulators investigating whether erroneous trades had caused the fall.

May 6, 2010

Euro edges up from 14-month lows, eyes on ECB

TOKYO (Reuters) – The euro edged up against the dollar on short-covering on Thursday, after sliding to a fresh 14-month low earlier, and as investors shifted focus to a European Central Bank meeting later in the day.

The euro’s rebound, however, remained shallow as more players want to sell the single currency on tops after it slid through key support levels as concerns about the sovereign debt crisis in the euro zone mounted, traders said.

Apr 30, 2010

JGB futures dip on Nikkei, euroyen futures up after BOJ

TOKYO, April 30 (Reuters) – Japanese government bond futures
dipped on Friday as Tokyo stocks bounced back on signs Greece was
close to a rescue deal, trimming safe-haven buying that had
accelerated earlier in the week.

But their losses were limited and they stayed within reach of
a seven-week peak hit on Wednesday given the lack of aggressive
bond sellers ahead of Japan’s “Golden Week”, a string of public
holidays from May 3-5.

Apr 29, 2010

Euro steadies after rebound, kiwi falls after c.bank

TOKYO (Reuters) – The euro steadied on Thursday, after rebounding from a one-year low the previous day, while the New Zealand dollar fell after the central bank said the upcoming tightening cycle was likely to be more modest than previous ones.

Activity was subdued in Asia, with Tokyo markets shut for a national holiday and as traders looked to Greek bond moves for euro’s near-term direction.