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JGBS: JGB futures finished the morning session just off the intraday low, after
the contract edged away from opening levels as the Nikkei 225 unwound its early
losses, last +0.9%, while the JPY crosses moved higher.
- Yields sit in marginal positive territory across the curve.
- The BoJ left the size of its 1-5 & 10-25 Year Rinban ops unchanged. Offer to
cover ratios as follows: 1-3 Year 2.29 (prev. 3.46), 3-5 Year 3.01 (prev. 2.47),
10-25 Year 2.43 (prev. 3.56), 25+ Year 2.77 (prev. 3.53).