JGB futures have rallied along with the........>

JGBS: JGB futures have rallied along with the global trends as Friday's high at

150.20 comes back into focus. 10-year yields have also given back recent gains,

trading at 0.142% testing the Aug 2 spike high. 

- A close back below here would suggest a bearish reversal could be taking

shape.

- The Japan-US 10-year spread has fallen back to -302.2bps thanks to the sharper

drop in Japanese yields.

- 10-year real yields have risen on the day, trading at -37.4bps as the drop in

breakeven inflation expectations has outweighed the fall in nominal yields.

Breakevens trade back below 0.50% pressured by yen strength.  

- The Japanese Ministry of Finance (MOF) will today sell Y700bn of 30-Year

JGB's.