Super-Long Debt Supply Eyed In Japan

T-Notes have stuck to a tight range this morning and last trade -0-01+ at 132-27+, as the space awaits fresh catalysts. Cash Tsy yields are little changed as we type. Eurodollar futures last seen unch. to -0.5 tick through the reds. Durable goods, weekly initial claims, the second Q1 GDP estimate, pending home sales and the Kansas City Fed m'fing index headline the local economic docket on Thursday. Elsewhere, 7-Year Tsy supply is due.

• JGB futures slipped at the re-open, but have edged higher since and last trade at 151.58, 6 ticks above Wednesday's settlement. Cash JGB yields are broadly lower, albeit by narrow margins. 40-Year JGB supply headlines the local docket today.
• In Australia, YM -0.5 & XM +1.5 at typing. Cash ACGB curve runs flatter, with yields last +1.0bp to -1.9bp. Bills trade -1 to +1 tick through the reds. Today's Australian docket features Q1 private capex data, the latest round of scheduled RBA ACGB purchases is also due. Elsewhere, Melbourne Covid-19 situation remains under scrutiny.