JGB futures went in to the lunch break 4.......>

JGBS: JGB futures went in to the lunch break 4 ticks higher at 150.93 with

10-Year yields at 0.051% (-0.2bp).

- The curve pivoted in two areas of the curve in the first session of the week,

as yield's out to 4-Years edged higher, while the 5-10 Year sector was supported

by the BoJ's latest Rinban operations which covered that particular bucket.

Looking further out 20-Year & 30-Year yields edged 0.4 & 0.7bp higher

respectively as BoJ Governor Kuroda stressed that there isn't a plan for a fresh

comprehensive assessment of the BoJ's policy at present, although he did

reiterate that the BoJ must continues its with its loose monetary policy

settings.

- Looking to month end on Wednesday, Morgan Stanley believe that JGB index could

be subject to a relatively large index extension of +0.2 years, while Barclays

estimate a more modest +0.04 years for Japanese Aggregate Treasury paper.