News Headline Summary

Heading into the European open, JGBs in Japan continue to come under-pressure as markets participants digest yet another lacklustre bond auction and in turn question the ability of the BoJ to deliver QE while ensuring stability of its bond market...

Update details:

- Prices also being weighed on by a turnaround in the Nikkei 225, which remains on path to settle with a gain of around 1.50%.
- USD/JPY also staged a decent rebound, trades back towards 102.00 level.
- Over the weekend, officials from the BoJ tried to suppress concerns that the central bank is loosing grip on the bond market and that the volatility which was observed last week, when the Nikkei 225 index fell over 7% is a one-off.

Print 05:54, 28 May 2013 - Market Analysis - Source: RANsquawk