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JGBS: JGB futures finished the overnight session virtually at best levels,
adding 9 ticks, after a couple of sessions of curve flattening in cash trade
(which goes against the consensus view of strategists).
- Flattening may be at the fore again in Tokyo hours, given the overnight moves
in Tsys, however, T-Notes have edged back from Thursday's high, with e-minis
ticking higher ahead of the Tokyo open.
- 1-3, 5-10 & 25+ Year BoJ Rinban ops headline locally on Friday, with PPI data
and 3-month Bill supply also due.