Naomi Hasegawa
Naomi Hasegawa
bullish cash contracts equity future gradually heart investors led market sentiment spreading took trading
Trading in future contracts led the market today, with bullish sentiment there gradually spreading to cash bonds. This is probably because some investors took heart from a pullback in the equity market here.
bonds might selling
We might see some selling in 20-year bonds before the auction.
against cast keeping makers negative policy votes
There's speculation out there that more policy makers will cast votes against keeping the policy unchanged. That is negative for bonds.
actively bond boost debt fairly good government outcome prices purchased supported
Bond prices got a boost from the fairly good outcome of today's two-year debt auction, while index-trackers actively purchased government debt paper, which supported the market.
bonds buy gains help investors push stocks
Gains in stocks will help push down bonds and I don't think investors will aggressively buy after yesterday's rally.
actively bank central investors meeting reluctant starts trade
Many investors are reluctant to trade actively before the central bank starts its two-day meeting Wednesday.
add among avoid bank buy central encourage falling higher investors outlook raises rising saying stocks
Falling stocks and a rising yen raises speculation among investors the central bank will avoid saying anything to add to an outlook for higher rates. It will encourage investors to buy bonds.
buy dislike investors news trigger
The news could be a trigger to buy bonds. Investors dislike uncertainty.
bond directly example market textbook
The bond market reacted directly to the equities market, like a textbook example.
appear bank decision implement market measures plans within
The Bank of Japan's decision was well anticipated. Most measures it plans to implement appear to be within market expectations.
bank bond bubble comfort continue investors japanese lifts market monetary policy rate robust stocks view
US Treasuries, particularly long-term bonds, were robust on Friday, when the Japanese market was closed. Some bond investors view the surge in stocks as bubble while some investors take comfort in the view that the zero-interest rate policy will continue even after the Bank of Japan lifts ultra-loose monetary stance.
avoided chaos concern demand easy economic fair japan later monetary next notes policy political provides raised recovery signs sooner stocks strong wind
There's concern about demand for new five-year notes as signs of economic recovery raised speculation an end of easy monetary policy will come sooner than later next year. Japan avoided political chaos with Koizumi's strong victory, which provides a fair wind to stocks and a recovery scenario.
concern core crude decline fall negative oil perhaps territory worry
There was some concern that the core CPI would fall back into negative territory owing to a decline in oil prices, but perhaps we don't have to worry about that scenario, as crude futures have rebounded recently.
bank closer current exit government japanese loose monetary negative report step
The report suggests we're one step closer to the Bank of Japan's exit from its current loose monetary policy. That's negative for Japanese government bonds.