JGB futures faded from best levels as we.......>

JGBS: JGB futures faded from best levels as we moved through the session, after

being limited to a fairly contained range during the Sydney morning.

- The curve twist steepened as the super-long end gave way in the wake of

Friday's adjustments to the BoJ's Rinban outline for Feb (which saw cuts to the

frequency of ops in 10-25+ Year buckets).

- That move likely capped rallies across the curve, and weighed across the

broader space ahead of the close.

- Final PMI data was a touch softer than flash, although there was little focus

on local data.

- Malayan Banking mandated for a multi-tranche round of JPY issuance.

- 10-Year paper presents the focal point of tomorrow's local docket.