The 10-Year JGB opened Tokyo at 150.39 and.....>

JGBS: The 10-Year JGB opened Tokyo at 150.39 and was last at 150.41. CPI came in

as predicted and the same as prior so little to no reaction from that but

following BOJ Purchase Operations of the 5-10, 10-25 and 25+ year sectors the

JGB 10-Year dipped to come up on a reaction to the strong demand post

operations... the 25+ sector came in most heavily covered at 4.06x.

- The 10-Year JGB yield curve steepened on the session, the 10 and 20-Year

yields both rose 0.5bp each.

- The 10-Year JGB experienced a choppy overnight session when European Central

Bank President Draghi said bond purchases will be halved to E30bln per month

starting in January and a 7-Year Tsy auction saw its lowest cover in 14 months.

- Looking ahead to the coming week we have Japanese Retail Sales in Monday which

are surveyed to rise 0.6% from a decrease last month of 1.7%.