JGB futures extended on their pullback from....>

JGBS: JGB futures extended on their pullback from the overnight high, to trade

comfortably lower ahead of the close, -21, with the front end/belly leading the

way in cash trade. Limited liquidity evident ahead of the Golden Week holidays.

Swap curve has twist flattened, with swap spreads generally tighter across the

curve, and super long yields lower in both JGBs & swaps. We saw a weak round of

supply for off the run 1-5 Year JGBs.

- On the state of emergency front RTRS ran this: "Japan's coronavirus experts

said it was desirable for the nation to keep its current framework of

coronavirus containment policies until the number of new infections fell to a

certain level, according to Economy Minister Yasutoshi Nishimura. The experts

also said that some regions needed to keep strict restrictions in place while

others could start to ease them, Nishimura quoted them as telling a government

panel meeting on Friday. Speaking at a news conference following the meeting,

Nishimura also said the government would hold an advisory committee meeting to

decide on the government's policy before the current state of emergency ends on

May 6."