Super-long JGB yields edged higher on..........>

JGBS: Super-long JGB yields edged higher on Thursday on the back of the softer

JPY and an uptick in the Nikkei 225, couple with US 10-Year Tsy yields

consolidating above 3.00%. However a strong buying impetus came back into space

in the latter part of the session, with futures leading the way.

- Focus today will fall on the BoJ's MonPol decision & the Bank's May JGB

purchasing plan. 

- Barclays suggest that "today could see buyers initially take the upper hand,

led by the long end, after an overnight switch to the buy side in US & European

bonds, but any move to chase prices higher could be limited ahead of the BoJ

decision & announcement of the JGB buying plans for May. The MonPol decision

will be the first under the new BoJ leadership, but we look for the BoJ to

retain current policy, in line with market expectations. Even with a new term as

governor underway, we expect Kuroda to stress that he will stick with current

yield curve controls (YCC) for the time being, reiterating the message from his

confirmation hearings. In the JGB buying operation plans for May, we expect

purchasing ranges to be unchanged from April across all sectors."