JGB futures edged higher as local equity.......>

JGBS: JGB futures edged higher as local equity markets gave back their early

gains, with a moderation in both the offer to cover ratio and spreads seen at

the latest 5-10 Year BoJ Rinban ops supporting the contract in the afternoon,

although it failed to challenge its morning session highs. Contract last +5 into

the close.

- The curve has twist steepened ahead of the previously touted supply deluge.

- Local headline flow focused on the Tokyo Governor pointing to the publishing

of an outline of the city's plan to move out of COVID-19 restriction at some

point next week, with the city set to observe the current measures until the end

of the month.

- Q1 GDP & 5-Year supply headline on Monday.