JGB futures edged lower at the start of........>

JGBS: JGB futures edged lower at the start of Monday's session, lagging the move

in U.S. Tsys & Aussie paper, before the move faded, with the lead contract

finishing just shy of Friday's overnight session close as USD/JPY traded a touch

lower. The afternoon session was extremely limited, although futures extended

their move higher in the overnight session as Tsys turned bid.

- Yields closed 0.2 to 1.0bp lower across the curve Monday, as 10-Year yields

consolidated below the heavily watched 0.1% level, last 0.086%.

- The BoJ left the size of its 1-5 Year Rinban operations unchanged Monday. The

offer to cover ratios of the operations were as follows: 1-3 Year 2.43 (prev.

2.81) 3-5 Year 1.63 (prev. 3.71)

- As a reminder, the BoJ released is plan for Rinban operations for the month of

December on Friday. The plan saw the BoJ reduce the number of purchases of 10-to

25-Year & 25+ Year JGBs to 4 times each per month, from 5 previously. The

indicative ranges for purchase sizes was left unchanged across all maturities.

- Rinban operations, 10-Year supply (due today) & an address from BoJ Deputy

Gov. Wakatabe will garner attention through the remainder of the week.