JGBs also ticked higher, supported by the......>

JGBS: JGBs also ticked higher, supported by the broader risk averse backdrop,

with futures +21 at writing, sitting at the intraday high.

- Outside of aforementioned, broader risk aversion, Japan's monthly export data

was on the softer side, with further support generated by a solid enough 20-Year

JGB auction, which saw a marginal narrowing of the tail when compared to the

prior auction, cover ratio edge higher and the low price topped dealer exp.

- The 20-30 Year sector of the curve outperformed as a result.

- Elsewhere, the Nikkei reported that Japan's ruling coalition will be seeking

an extra Y10tn in the budget, as outlined by a couple of senior party members

yesterday.

- Elsewhere, Economy Minister Nishimura pointed to headwinds from abroad, and

the fact that PM Abe instructed him to implement a "sizeable" stimulus package.