JGB futures stuck to a tight range during......>

JGBS: JGB futures stuck to a tight range during Tokyo dealing on Wednesday,

operating a touch above the overnight session close as the cash space played

catch up to Tuesday's risk-sentiment driven gyrations, leaving the curve flatter

at the close.

- Futures then broke above their 100-DMA during the overnight session, as risk

off flows took hold once again, bulls now target the 200-DMA (150.61).

- Wednesday saw the BOJ leave the sizes of its Rinban operations covering 5-25+

Year paper unchanged, the offer to cover ratios can be found below:

- 5-10 Year 1.70 (prev. 2.73), 10-25 Year 3.24 (prev. 3.50), 25+ Year 3.17

(prev. 3.52).

- Focus now turns to BOJ Rinban operations (Friday) & 2-Year supply (today).