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The 10-Year JGB opened Tokyo at 150.33, last...>

JGBS
JGBS: The 10-Year JGB opened Tokyo at 150.33, last at 150.39. The 10-Year took
an 11 tick bid post PPI figures which showed an increase of 0.9% when 0.8% was
predicted. The 10-Year then dipped 6 ticks post 2-Year bond auction results
despite the results showing good cover at 5.932x from 4.108x.
- Bond and stock flow data was released on the session which showed a heavy
decline in the amount of foreigners buying Japanese bonds. 
- The 10-Year dipped alongside Tsy's on the overnight which saw a sharp tailspin
selloff. 
- The BOJ is to operate purchasing of 10-Year issues tomorrow, yields are mixed
across the curve. The 10-Year yield down 0.1bp.

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