JGB futures have ticked lower in the...........>

JGBS: JGB futures have ticked lower in the afternoon, although the move is

somewhat limited, it perhaps comes on the back of the relatively constant

message employed by the BoJ at its latest MonPol decision (some were looking for

a more dovish tinge), as the Bank left its MonPol settings unchanged, with a 7-2

vote re: YCC matters, as Harada & Kataoka dissented. The Bank trimmed its CPI

outlook as exp., cut its FY18 growth outlook, and nudged its FY19 & FY20 GDP

exp. slightly higher. The BoJ noted that downsides risks to the economy and

inflation had grown. The Bank has decided to extend its lending scheme to

support growth foundations for another year.

- This comes after the space stuck to a tight range in the morning session.

- Yields trade mixed, with 10-Year JGBs yielding 0.005% and the super-long end

experiencing some marginal outperformance.