JGB futures last +31 ticks, just off best......>

JGBS: JGB futures last +31 ticks, just off best levels after registering fresh

session highs on the back of a solid enough 15.5-39 Year liquidity enhancement

auction for off-the-run paper, which was relatively well received given the

worry ahead of the supply owing to recent BoJ Rinban dynamics & Tuesday's weak

10-Year auction. Super-long paper has pared its early underperformance as a

result.

- Elsewhere, BoJ's Funo didn't deviate from the BoJ's central message, pointing

to a willingness to act if necessary and expressing no pre-commitment re: MonPol

settings at the BoJ's "important" October decision.

- Also worth flagging that foreign investors were net buyers of Japanese bonds

in the most recent week (~Y400bn) in the wake of last week's record net selling

(~Y3.149tn).

- 5-10 Year Rinban operations headline tomorrow's local docket.