JGB yields edged higher on Wednesday, led by...>

JGBS: JGB yields edged higher on Wednesday, led by the belly of the curve,

following the US Tsy sell off that was observed on Tuesday.

- The sell off extended in the afternoon session despite a solid enough batch of

BoJ Rinban operations, as the belly continued to underperform.

- Focus falls on tomorrow's BoJ MonPol decision & the subsequent press

conference from BoJ Gov. Kuroda.

- Barclays suggest that "today could see sellers continue to take a slight upper

hand in the absence of any BoJ buying operations after US Tsys continued to fall

with 10-Year yields exceeding 3%. That said, any declines could be limited ahead

of today's ECB meeting and tomorrow's BoJ MonPol meeting and the announcement of

it's JGB buying operation plans for May."