JGB futures continue to operate in a tight.....>

JGBS: JGB futures continue to operate in a tight range, after the contract

followed Tsys lower in Wednesday's overnight session. Last 5 ticks lower on the

day.

- A negative session for the Nikkei 225 and a marginally positive session for

JPY has lent some support to the space.

- Twist flattening has crept into the curve during afternoon trade, after short

end yields ticked higher, on the back of the underperformance in the belly that

was observed in early trade.

- Little in the way of notable Japanese news flow apparent, outside of soft

domestic industrial production and retail sales figures, while BoJ's Suzuki

stressed that the Bank should continue its policy of powerful easing, noting

that the sustainability of the Bank's policy needs to be increased.

- 2-Year supply came and went, with no notable reaction to the auction.

- The BoJ is set to announce its Rinban plans for the month of March after

market. Q4 CapEx data, alongside the latest labour market report & Tokyo CPI,

provide the highlights on Friday.