JGB futures also held a tight range, -1 on.....>

JGBS: JGB futures also held a tight range, -1 on the day ahead of the bell.

- The space saw a solid round of 2-Year supply, with 2s outperforming on the

curve as a result (promoting very modest twist steepening), while the 3-5 Year

zone marginally outperformed in swaps.

- In terms of details, the auction saw the low price come in just above dealer

exp. (proxied by the BBG poll), cover ratio only a touch softer and tail a

little narrower vs. prev auction of 2s.

- Little in the way of reaction to reports of a small COVID-19 cluster in Tokyo,

which involved a hospital.

- The usual month-end data dump, including Tokyo CPI, the labour market report

and industrial production headlines Friday, with BoJ Rinban ops covering 3-25

Year JGBs also slated.