Japanese bond futures are heading for a “correction” after rising to a seven-year high earlier this month, Mitsubishi UFJ Morgan Stanley Securities Co. said, citing trading patterns.
Japanese bond futures may rise to a two-month high as the June contract is likely to “fill in” the price gap left by the previous benchmark, Mitsubishi UFJ Morgan Stanley said, citing trading patterns.
Japan’s bond futures may rise to the highest level this year, according to Mitsubishi UFJ Morgan Stanley Securities Co., citing an ichimoku chart of the securities.
The contrast between the Bank of Japan’s reduction in longer-maturity bond purchases and the Ministry of Finance’s increased issuance is driving investors away from the super-long government debt.
Japan’s bond futures may fall, snapping a five-month rally, Mitsubishi UFJ Morgan Stanley Securities Co. said, citing trading patterns.
Japan’s bond futures rose for a fourth day as the yen traded near a five-week high against the dollar and Asian stocks fell, boosting demand for safer assets.
Japan’s bonds rose for a third week as Asian stocks declined and the government pledged to balance its books within a decade, boosting demand for the nation’s debt.
"We may see more buying in the super-long dated bonds from here."
- Katsutoshi Inadome on Dec 24, 2014