Off Best Levels

Futures ticked away from overnight highs during the Tokyo morning, given the moves in T-Notes during late NY/early Asia dealing, but still hit the lunch bell 3 ticks above Friday's settlement levels. The major benchmarks across the cash curve generally finished the morning within 0.5bp of Friday's closing levels, trading either side of unchanged. On the data front, domestic prelim. industrial production and retail sales missed expectations, but there has been little else to note outside of some limited activity in the JPY corporate issuance space. 2-Year JGB supply headlines this afternoon, with the BoJ set to outline its June Rinban plan after hours.