JGB futures have edged higher during the.......>

JGBS: JGB futures have edged higher during the morning session, advancing as

equities fell on the back of a huge Typhoon hitting the Osaka region, with

yields ticking lower across the curve in cash trade.

- This made for a lack of concession ahead of today's 10-Year JGB auction.

- Futures' technical outlook remains bearish, with the recovery following the

early August lows beginning to fade. The recent sell-off accelerated Friday,

prompting new cycle lows of 150.22 in Sep-18 JGB futures, and the contract has

recovered only slightly to 150.25. Bears look for a fall through the Jul 7 2017

spike low on the generic contract at 149.65 for a protracted move lower, while

bulls require a recovery above the 50-DMA to regain poise.