JGB futures went into the lunch break 3........>

JGBS: JGB futures went into the lunch break 3 ticks below settlement, pressured

by the broader risk-on flows evident across global markets, albeit back from

worst levels on the back of the caveated nature of the latest Sino-U.S. trade

war sources story from the FT.

- Cash trade has seen super-long paper outperform, with twist flattening evident

on the curve.

- The BoJ left the size of its 1-10 Year Rinban ops unchanged, despite some

chatter that the Bank may trim its purchases. Offer to cover ratios as follows.

- 1-3 Year 2.63x (prev. 2.77x) 3-5 Year 2.94x (prev. 2.73x), 5-10 Year 2.22x

(prev. 1.74x)

- Elsewhere, BoJ Deputy Gov. Wakatabe noted that inflation has been subdued

across the globe.