The 10-Year JGB opened Tokyo at 150.43 after...>

JGBS: The 10-Year JGB opened Tokyo at 150.43 after extending gains from

yesterday's Tokyo session into the overnight. The JGB 10-Year peaked at levels

last seen the end of last week yesterday, the gains were fed by buying flow

early on in the session and then the 5-Year bond auction, cover was at 4.34x

from 4.07x, strong cover was predicted based on BOJ buying operation support

seen earlier this week where investors looked to be setting up for the auction.

- On the overnight the 10-Year contract was bolstered with buying in U.S. Tsy's

amid tensions in the N. Korean and the Catalonian Crisis', the JGB then hurt

with Tsy's when news came down that Trump was leaning toward Powell for Fed

Chair.

- Scheduled for 0735BST/1535JST is a speech from the BOJ's Governor Kuroda

- Barclays Opening Call: "Today could see buyers take a slight upper hand

overall as risk-on sentiment takes a breather following the overnight purchasing

of USTs. The BoJ is scheduled to hold buying operations for 1-5y and 5-10y

issues today."

- JGB yields are mostly down, the 2-/10-Year spread at 1.2bp.