JGB's went into the Tokyo close must higher....>

JGBS: JGB's went into the Tokyo close must higher yesterday, rising 23 ticks on

the Tokyo session. Futures initially opened higher, tracking moves in U.S Tsy's

after a large block trade in TYZ7. The lift was bolstered by reports on

potential Fed Chair contenders and again the JGB 10-Year caught a bid post BOJ

purchasing announcements, 1-3, 3-5 and 5-10 Years purchased, at the same rate as

previous and showing mild offers.

- The 10-Year JGB is set to open on par with yesterday's highs at 150.46 after

reaching weekly highs in the overnight session at 150.52, again tracking Tsy's

on the NY open after two-way flows in Tsy's tilted to buying after Tues gains,

the market then digested the +135,000 Sept. ADP private payrolls report.

- Yields lower across the curve, setting up for the JGB auctions later on in the

session. 10-Year down 1.9bp.