JGB futures trimmed their overnight losses.....>

JGBS: JGB futures trimmed their overnight losses during the morning session,

after a brief look lower in early Tokyo trade, drawing support from a relatively

cautious feel to Asia dealing. The contract went into the lunch break 7 ticks

below settlement levels.

- Curve twist flattened ahead of 2-Year supply, with the super-long end

outperforming on the hunt for carry ahead of the Golden Week holiday narrative.

- Participants may have also looked to comments from Dai-ichi life, made late

Wednesday, as the insurer noted that it plans to increase its holding of yen

bonds in the current fiscal year after its holdings fell in the 12 months to the

end-March.

- Swaps are generally tighter across the curve.