JGB's went into the close slightly higher......>

JGBS: JGB's went into the close slightly higher having been flat for most of the

session, strong auctions of 3-months bills and 30-year bonds helped support

JGB's in the afternoon and pushed futures to session highs on the close, up 2

ticks at 150.93. BoJ Gov Kuroda gave a speech and reassured markets of his

dovish intentions.

- JGB futures held a slightly lower range in the morning, dampened by declines

in UST's and a general risk on tone in Asia as the Nikkei 225 recovered from its

steep decline yesterday.

- The 3-month bill auction saw strong results, covered 5.52x from 3.22x last

time out. The 30-year auction was covered 4.377x from 3.426 last time out,

denoting the highest cover since mid-2014. The low price at 98.80 was higher

than the 98.70 estimated and the tail fell to the lowest for 18-months. The

strong auctions saw a bid in the afternoon session, with the market also

anticipating the BoJ purchase operations tomorrow.

- Yields mostly lower across the curve, the super long end in particular seeing

a dip after the strong auction. 10-Year yield flat at 0.056%.