JGBS opened higher then took a dip at the......>

JGBS: JGBS opened higher then took a dip at the start of afternoon trade in

Tokyo yesterday, before recovering in the final portion of trade to finish on

par with levels seen at the end of yesterdays Asia-Pac close. The open higher

and dip came after a strong 10-Year JGB auction during Asia-Pac brought in a

higher bid/cover than previous on the same listing and a higher tail yield. The

JGB 10-Year is set to open Tokyo at 150.23. 

- JGB Barclays Opening Call - 'Today could see sub-10y sectors hold firm given

the slight overnight rise in USTs and expectations for BoJ buying operations,

while sellers continue to take the upper hand in the superlong end, causing the

curve to twist-steepen further. The BoJ is scheduled to hold buying operations

for 1-5y and 5-10y issues.'