JGBs finished the session 2 ticks lower at.....>

JGBS: JGBs finished the session 2 ticks lower at 150.67 with political

developments in Japan having little impact on prices.

- The curve was a little steeper, with the belly experiencing ever-so marginal

outperformance during a lack lustre session.

- The latest 5-Year JGB auction was solid enough and had no notable impact on

prices.

- Japanese stocks ran higher in the afternoon, with USDJPY following stocks,

initially pressuring JGB's, before futures moved back from session lows.

- Immediate focus is on US CPI data & 20-Year JGB supply later this week, as

well as the first estimate of the heavily watched Shunto wage negotiations.