JGB's finished higher on Friday, shaking off...>

JGBS: JGB's finished higher on Friday, shaking off losses in UST's and a weaker

yen to retrace a large portion of the loss seen on Thursday and twist steepen

the curve from the belly onwards, the long end remained weaker due to the timing

of the next BoJ purchase operation in the sector.

- JGB futures around 5 ticks lower to start the session Monday, tracking the

12/13 tick decline in UST's after the Senate passed their version of the tax

bill in the US.

- JGB Opening Call Barclays: "Today could see sellers take the upper hand around

the long end ahead of Tuesday's 10y auction with the market gapping at the open

on a recovery in risk sentiment after the US Senate passed tax reform

legislation. We expect the JGB curve to continue to steepen. The BoJ is not

scheduled to conduct any buying operations today. This week's key events include

Tuesday's 10y auction, Thursday's 30y auction and a speech by BoJ Policy Board

member Masai on Wednesday"