JGB's head into the close mixed in a fairly....>

JGBS: JGB's head into the close mixed in a fairly quiet session, futures rose

from the open after dropping during the US session on Friday alongside UST's as

the January NFP print rose above estimates. The dovish comments from the BoJ

last week though seem to have done their job in convincing markets that easy

policy is here to stay which helped the upside move. A stronger yen weighed on

Japanese stocks, the Nikkei 225 down 592 points at the close, which also helped

JGB's.

- The only Japanese data during the session was Nikkei Services/Composite PMI,

both figures rising from the previous.

- BoJ Governor Kuroda and Deputy Governor Iwata spoke, both espoused the need to

continue QQE and said there was no need to change their approach to easing.

- Yield curve steepened, the 30-Year sector saw some buying ahead of the 30-Year

auction later this week, while 20's and 40's were sold. JGB futures last up 3

ticks at 150.31.

- Swap curve slightly steeper on the session, ahead of the auction 30-Year swap

1bp higher at 0.89125%.