JGB's went into the close higher, 10-Year......>

JGBS: JGB's went into the close higher, 10-Year future last up 9 ticks at

151.02, just off session highs. Data from Japan was largely ignored, in Japan

Core CPI in line with estimates at 0.8% annually, Jobless Rate steady at 2.8%,

Non-Financial Firm Capex was higher than expected at 4.2%, while Manufacturing

PMI dipped slightly to 53.6, confirming the weaker trend seen in Industrial

Production data earlier this week. BoJ's Amiyama spoke in the session, saying

that powerful easing is still needed.

- Buyers took the upper hand at the start of the session after the BoJ kept

their December purchase ops unchanged for the most part, the timing of the 25+

Year ops (first on Dec 8, same day as 30-Year auction) saw the long end sell off

which flattened the curve as the session progressed.

- The BoJ purchases JGB's in the 1-10 Year zones, the purchases were taken down

smoothly, coverage ratios were in line with the previous operation and the

discount spreads narrowed marginally.

- 10-Year yield last down 0.6bp at 0.033%, 2-/30-Year spread last 1.1bp tighter

at around 98bp.