The 10-Year JGB ascended above the 151 level...>

JGBS: The 10-Year JGB ascended above the 151 level post BOJ purchasing

operations and as the BOJ's Funo spoke in Miyazaki. The 10-Year last at exactly

151. JPY is lower and Japanese stocks are winding down from yesterday's rally.

- Purchasing operations were unchanged from previous and the BOJ's Funo said,

"the 2% CPI target is needed to help stabilise forex rates, it's vital for the

BOJ to maintain aggressive easing, Japan need growth potential to rise for price

stability and we must watch to see if firms remain cautious about wage hikes."

Japan's leading and coincident index figures out later on in this session and a

6-Month bill auction is to come too. Tomorrow's data brings Japan Bankruptcies

and Tokyo office vacancies.

- Barclays opening call: "Today could see buyers take a slight upper hand around

the short/medium-term sectors, where supply and demand has tightened, given the

break in risk-on flows and overnight buying in bond futures."

- Bond yields are lower, the 10-Year yield is closer to 0% than it has been

since September 25 at 0.025% down 0.009%. The last time the 10-Year future

closed above 151 (mid September,) the yield went to 0% so this is on trend.