JGB futures moved higher as the BoJ....>

BOND SUMMARY: JGB futures moved higher as the BoJ left its headline MonPol

settings unch. & extended its forward guidance re: extremely low interest rates

out to the end of Spring '20. Elsewhere the Bank's initial FY21 core CPI

estimate was 1.6%, shy of 2.0% target, as exp. The Bank also decided to expand

the eligible collateral for its provision of credit, and noted that it is

mulling the introduction of an ETF lending facility. JGB futures registered

fresh session highs on the back of the decision, though the move was relatively

contained, and quickly reversed. Twist steepening noted on the curve.

- Tsys were contained. Downside interest noted via the TYM9 122.00 puts, before

the TYM9 123.00/122.50/122.00 put ladder saw 10.0K blocked, sources suggested a

buyer, followed by 20.0K of the TYN9 124.50/125.50/126.00 broken call ladder

being blocked, with sources also pointing to a buyer. T-Notes last 123.17+, U.S.

10-Year cash Tsy yields last 2.518%. Eurodollar futures trade virtually unch.

The 0EM9 97.875/98.250 call spread saw 20.0K bought, with the EDH0 97.250/97.625

call spread seeing 20.0K blocked, with sources pointing to a seller.

- German fixed income futures are virtually unchanged.