Futures shed 3 ticks come the close of the.....>

JGBS: Futures shed 3 ticks come the close of the overnight session, holding a

tight range and finishing off worst levels.

- Local news reports have suggested that the capital city of Tokyo will not be

setting numerical guidelines re: imposing COVID-19 restrictions, with the daily

case count hovering above the previously outlined 50 level.

- Elsewhere a BBG piece noted that "the Bank of Japan should buy more assets

rather than lower its negative interest rate if additional easing becomes

necessary during the pandemic, according to a former policy board member.

"Purchasing more assets is a more appropriate measure," said Yutaka Harada, who

was one of nine board members until his term ended in late March. "Cutting the

negative rate will be received poorly, not only by banks but also the Japanese

public.""

- The latest labour market report and industrial production data headlines the

local economic docket today. We will also see the latest round of 2-Year JGB

supply and release of the BoJ's July Rinban outline.