Futures Maintain Positive Trends, Ueda Again Before Parliament, 30yr Bond Sale Due

Post the Tokyo close, JGB futures finished at 144.82, +.15, generally maintaining a positive bias for much of Wednesday's session. Highs were at 144.88, and we remain close to Oct 25 levels, and within reach of the 145.00 figure level.

• Core yields continued to track lower in Wednesday trade, particularly at the back end, which should keep JGB yields biased lower. Note the 10yr JGB yield finished at 0.857% yesterday. The 10yr swap rate sits near 1.02%, both benchmarks comfortably off recent highs.
• On the data front today we have weekly investment flows, and September current account and trade data. Bank lending for October also prints, along with the Eco watchers survey later. These outcomes are unlikely to shift JGB sentiment a great deal.
• Note the BoJ Governor Ueda appears before parliament again, at 1:15pm local time (04:15 BST). Before this is the BoJ summary of opinions is out from the October policy meeting.
• Debt sales also resume with ¥4trln in 6 month bills to be sold, along with 30-yr bonds as well (¥900bn). Demand at the 30yr may be firm on the part of lifers, per Citi analysts (see this BBG link for more details).