Monday provided a relatively quiet session.....>

JGBS: Monday provided a relatively quiet session for the space, with JGB futures

finishing the morning session at highs, before pushing on again in the

afternoon, albeit against a slightly more choppy backdrop, with little in the

way of domestic drivers apparent.

- It is worth noting that JGB futures had little reaction to the burst of

risk-on trade late in U.S. dealing on Friday, and failed to clear Monday's high

in the overnight session despite the bid in U.S. Tsys.

- Traders will focus on 20-Year JGB supply, due later today, ahead of a

liquidity enhancement auction for JGBs with 5-15.5 years until maturity on

Thursday, followed by Japanese CPI data due on Friday. Participants will also

look to the Fed's annual Jackson Hole Symposium later in the week, in addition

to the usual Rinban operations.