JGB futures shed 11 ticks in the final.........>

JGBS: JGB futures shed 11 ticks in the final overnight trading session of last

week, but finished off worst levels.

- 10-Year JGB yields finished last week at 0.014%. Worth recapping our latest

MNI Insight piece, which noted that "officials at the BOJ see the recent rise in

JGB yields as linked to higher U.S. Treasury yields, but any further upside is

being capped by strong investor demand at these levels."

- A very limited domestic docket in play in Japan today, with focus on the

upcoming BoJ Rinban ops covering JGBs with 5-25+ Years to maturity, scheduled

for Christmas day. There is increased speculation from various desks that the

BoJ may taper long end purchases.