Futures shed 3 ticks in the final overnight....>

JGBS: Futures shed 3 ticks in the final overnight session of last week, sticking

to a tight range.

- A reminder that after hours Friday saw the BoJ lift the number of 3-5 Year

Rinban ops that it plans to conduct in June to 6, from the 5 seen in May, as it

trimmed the upper limit of the purchase size in the bucket to Y450bn (prev.

500bn) N.B. the last round of ops covering this bucket saw Y350bn purchased. The

Bank also lifted the lower limit of the purchase size of 5-10 Year JGBs to

Y250bn (prev. Y200bn) N.B. the last round of ops covering this bucket saw Y370bn

purchased. There were no other changes in the plan vs. the May outline.

- Worth noting that PM Abe's approval ratings continue to languish,

- Q1 CapEx data and final manufacturing PMI reading headline the local docket

today, while the BoJ will conduct 1-3 & 25+ Year Riban ops.