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

JGBS: JGB futures stuck to a tight range this morning, entering the lunch break

4 ticks lower, after the contract followed Tsys overnight.

- A negative morning for the Nikkei 225 and a marginally positive session for

JPY has lent some support.

- The belly of the curve has underperformed in cash trade, with the yields in

the wings moving back from session highs. That being said, 7-Year yields are

only 1.1bp higher on the day.

- Little in the way of notable Japanese news flow apparent as of yet, outside of

soft domestic industrial production and retail sales figures, while BoJ's Suzuki

stressed that the Bank should continue its policy of powerful easing, noting

that the sustainability of the Bank's policy needs to be increased.

- 2-Year supply is due in the early afternoon, with the BoJ set to announce its

Rinban plans for the month of March after market.