JGB futures have given away earlier gains......>

JGBS: JGB futures have given away earlier gains following the announcement of

the monetary policy decision from the BoJ. Japan's central bank left interest

rates unchanged, but strengthened its forward guidance, replacing the phrase

promising to keep rates low "until at least through spring 2020" with "as long

as it is necessary."

- Worth noting that earlier in the day the Nikkei reported without attribution

that members are considering tweaking language around forward guidance to allow

for the possibility of future policy easing. The piece may have supported the

space in the run-up to the BoJ announcement.

- JGB futures trade at 153.91, 14 ticks above settlement, after bottoming out at

153.83. Cash JGB yields have trimmed losses, but still broadly sit in negative

territory, with the curve running slightly flatter.