JGB futures held a tight range, edging to......>

JGBS: JGB futures held a tight range, edging to fresh session highs around the

time of typing, but still -1 on the day. Underperformance was evident in the

belly of the JGB cash space for most of the session, with yields now marginally

mixed ahead of the bell. Swap spreads are mixed vs. JGBs, with the swap curve

virtually flat.

- Focus fell on the rollback of some local COVID-19 restrictions, in line with

the previously outlined schedule. Elsewhere, the Japanese government upgraded

its economic view, which had been flagged by source reports earlier in the week.

The rhetoric surrounding the situation of course remains guarded given the

current backdrop.

- National CPI data was largely in line with exp.

- 1-10 Year BoJ Rinban ops headline the local docket on Monday.