JGBS Close To Weekly Highs, On Lower Core Yields, Ueda Before Parliament Today

JGBS pushed towards the upper end of its recent range post Tokyo close on Tuesday. We sit at 144.48, +.14. This is a touch below earlier highs in the week (144.55). A generally positive bias from US futures (10yr at 108-03) helped, with core yields finishing lower on Tuesday.

• The local data calendar just has the Sep preliminary leading and coincident indices on tap, which are unlikely to be market movers. Note though that BoJ Governor Ueda is scheduled to appear before parliament in around an hours' time.
• In the cash JGB space, the 10yr closed yesterday at 0.884%, maintaining tight ranges throughout the session. The 20yr is back to 1.64%, more than 10bps off recent early Nov highs.
• The 10yr swap was equally steady near the 1.06% mark, but is drifting lower towards 1.05% in early Wednesday trade.