JGB futures stuck a tight range in the.........>

JGBS: JGB futures stuck a tight range in the morning session in Tokyo, moving on

the back of broader risk sentiment driven by the U.S. Midterm elections.

- Cash yields finished the morning session little changed, with some modest

under performance in the super-long end of the curve.

- BoJ's Funo offered little new in an address made today, stating that that the

board's decision of allowing the 10-year interest rate to move widely in July

doesn't mean that the BOJ will raise interest rates. In a speech to business

leaders in Kochi City, southern Japan, Funo said that "if (the BOJ) maintained

the powerful easy policy, it would affect business conditions at financial

institutions through a drop of margin from loans, which in turn will create the

risk of a pullback in financial intermediation. We continue to pay attention to

the risks considered most relevant to the conduct of monetary policy," Funo

continued while indicating that the BOJ doesn't need to adjust policy to

mitigate the side effects of a prolonged easy policy."