JGBs futures were subjected to a sell..........>

JGBS: JGBs futures were subjected to a sell programme as Aussie bonds weakened

post-RBNZ, with some pointing to a spill over into U.S. Tsys. Contract went out

off lows after a late bounce, last -19.

- Curve saw the 5-10 Year zone underperform, perhaps some set up ahead of

tomorrow's 1-10 Year Rinban ops.

- Domestic data saw a continued heavy fall in machine tool orders, as activity

remains limited in the post-sales tax hike era.

- Elsewhere, focus fell on the developments aboard the quarantined cruise ship

off Yokohama. 174 of the 492 tested on-board the ship were positive for

Coronavirus. There is over 3.7K people on-board in total.

- The latest 10-Year JGBi auction saw the low-price top dealer exp. with the

cover ratio ticking higher and the % allotted at the high yield moderating.

- PPI and the aforementioned Rinban ops headline tomorrow's local docket.