JGBs went into the lunch break 1 tick higher...>

JGBS: JGBs went into the lunch break 1 tick higher at 150.76, 10-Year cash is

currently yielding 0.062%. A modest bid came in to play in fixed income from the

off, but both JGBs & US Tsys moved back to almost flat levels in holiday-thinned

trade.

- The re-appointment of Kuroda and 2 new deputies at the BoJ has done little to

alter the course of monetary policy according to most, having little impact on

JGBs as a result.

- MUFJ's Yuji Shimanaka's view is a little out of consensus and he believes that

"there's a risk of a separation in the leadership -- between Wakatabe and the

other two -- Kuroda and Amamiya."

- Elsewhere the BoJ left the size of its longer dated Rinban operations

unchanged today, this had no effect on the space.

- In the cash space Japanese paper trades mixed, but little changed across the

curve.