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.
Japan’s bond futures may fall, snapping a five-month rally, Mitsubishi UFJ Morgan Stanley Securities Co. said, citing trading patterns.
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 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 government bonds rose, pushing the 10-year yield down below 0.6 percent for the first time in three sessions, as declines in domestic stocks boosted demand for haven assets.
Japan’s government bonds fell for the first time in a week after a report showed factory output increased, tempering concern the economy is slowing.
"We may see more buying in the super-long dated bonds from here."
- Katsutoshi Inadome on Dec 24, 2014