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Nothing in the way of fundamental news flow....>

JGBS
JGBS: Nothing in the way of fundamental news flow apparent as futures finished
the morning session sub-151.00, erasing the overnight session gains.
- The Nikkei 225 operated off worst levels, with USD/JPY marginally higher, and
U.S. equity futures trading higher on the day, at writing.
- 10-Year yields are back above 0.1% after the limited foray below in recent
sessions. Longer dated paper has marginally outperformed thus far, with yields
marginally mixed across the curve.
- Worth noting that BBG sources suggested that the Japanese MOF may reduce
20-Year issuance next FY (similar to earlier RTRS reports) late Tuesday, with
long end demand exp. from lifers.
- Focus on Japanese CPI data, with Rinban operations now not due until next
week, with purchases due across the entire curve in the 2 sets of Rinban
operations that will occur.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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