Monday was a national holiday in Japan, the....>

JGBS: Monday was a national holiday in Japan, the JGB 10-Year opened Tokyo at

150.38, last at 150.36.

- At the weekend a poll indicated Yuriko Koike's of the opposing 'Part of

Hope's' support has fallen, setting Abe up for a fourth term as Prime Minister

as he vowed to continue to tackle the N. Korean Crisis.

- Today will see 1-3 and 3-5 Year BOJ purchasing, Capital Economics say the

BOJ's purchases have fallen to around Y60tln per annum and are likely to be cut

further to Y40tln over the coming years. As the bank looks likely to keep its

target for 10-Year government bond yields unchanged, this decrease in purchases

shouldn't have an impact on financial conditions. The last couple of purchasing

operations have moved the JGB market temporarily however after heavy cover.

- Barclays opening call: "Today could see sellers take the upper hand around the

superlong end ahead of Wednesday's 30y auction. The BoJ is scheduled to hold a

buying operation for 1-5y issues; an operation for -1y issues and JGBi may also

be likely. This week's key events include the above-mentioned 30y auction and a

liquidity enhancement auction for 5-15.5y issues on Friday."