JGB futures followed the broader ebb and.......>

JGBS: JGB futures followed the broader ebb and flow of risk appetite during the

Tokyo morning, going into the lunchbreak 2 ticks above settlement levels, with

little in the way of notable idiosyncrasies evident for the space, outside of

matters previously covered.

- Cash trade saw some light outperformance in the belly, with yields generally

higher across the curve, while the swap curve bull flattened.

- The lunchbreak also drew comments from Finance Minister Aso, who noted that

the government isn't considering changing its goal re: a balanced budget at

present, as he also stressed a need to maintain Japan's sovereign credit rating,

noting that Japan's track record has supported market trust in recent times,

limiting any losses for the JPY and JGBs.