JGB futures fall towards 6-mth low on supply worries

Guardian Unlimited – Japanese government bond futures fell on Monday, edging back towards six-month lows hit earlier this month, with traders citing selling by hedge funds on the back of concerns about rising debt issuance.

The Ministry of Finance said it would issue an additional 16.9 trillion yen ($175 billion) in JGBs in the fiscal year that ends next March to pay for an economic stimulus package.

The extra supply, which will start coming to the market in July, will increase calendar base JGB issuance in fiscal 2009/10 by roughly 15 percent to a total of 130.2 trillion yen.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , . Bookmark the permalink.

Comments are closed.