JGBs flat in muted trading ahead of September trade balance, national core CPI

The Japanese government bonds remained flat Wednesday ahead of the country’s trade balance data for the month of September, due to be released today by 23:50GMT and national core consumer price inflation (CPI), due on October 18 by 23:30GMT for further direction in the debt market.

The yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around 0.148 percent, the yield on the long-term 30-year note traded flat at 0.916 percent and the yield on short-term 2-year too remained steady at -0.115 percent by 05:30GMT.

The United States JOLTs job vacancies hit 7.14 million in August (highest since series began in 2000 and 15 percent higher than unemployed workers looking for jobs) and the jobs openings rate also reached a record high of 4.6 percent, suggesting the longevity of the US labor market health.

Still, U.S. Treasury bonds were little changed to slightly firmer, with the 10-year yield notching marginally lower to 3.16 percent. US president Trump continued to warn “the Fed is raising rates too fast” in a Fox interview, OCBC Treasury Research reported in its latest Daily Treasury Outlook.

Meanwhile, the Nikkei 225 index traded 1.00 percent higher at 22,773.50 by 05:40GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 43.12 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex