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

JGBS: JGB futures stuck to a tight range in the overnight session, after fading

into the Tokyo close, as support from yesterday's solid 20-Year supply

evaporated (although mild twist flattening was still seen on the curve).

- Early reports from the Nikkei have pointed to Japan's government considering a

slight trimming of its new JGB issuance in FY20/21. With the paper pointing to

Y32.5tn vs. the current fiscal year's Y32.7tn. The piece also pointed to a

consideration re: increasing issuance of 40-Year JGBs, an idea that was

consistent with findings in the latest BBG dealer survey.

- Monthly trade data and 1-10 Year BoJ Rinban ops headline today's local docket,

with 12-Month Bill supply also due.