JGB futures sit 9 ticks lower on the day,......>

JGBS: JGB futures sit 9 ticks lower on the day, off the early afternoon lows,

with continued focus on the aforementioned supplementary fiscal budget/issuance

matters (source report details on the matters are available in earlier bullets),

with the releases providing little to shock vs. the touted notional total ahead

of the move.

- Curve has actually flattened a little in afternoon trade, with some

underperformance in 4-7 Year paper on the day, perhaps on the back of the spread

of issuance out to 30-Years, which may not have been as duration heavy as some

expected.

- Swap rates are marginally mixed on the day, after some light curve steepening

in early trade.

- Elsewhere, it was a relatively quiet session for the space.

- 2-Year supply headlines locally on Thursday.