The 10-Year JGB was last at 150.43, the........>

JGBS: The 10-Year JGB was last at 150.43, the 10-Year gapped higher on the open

to then dip after retail sales came in as expected but positive at +0.8% MoM

from -1.7% prior. The 10-Year then took a 4 tick bid after 1-3 and 3-5-Year

sector purchasing operations, which were unchanged from previous operations. The

Yen remains weakened and Japanese stocks hurt on the session, winding down from

Friday's gains, supporting the bidding for bonds.

- The 3 to 5-Year sector today received the highest amount of bids this year for

the sector with 1,523.7bln for a total of 300.1bln purchases ultimately. Yields

are mixed across the curve, down on the belly, the 10-Year is down 0.4bp and so

is the 3-Year, the long end 30 and 40-Years are up 0.1bp.

- The JGB 10-Year ended the overnight session up 1 tick as U.S. economic growth

came through stronger than expected. 

- Barclays say highlights for this week are: "The BoJ MPM (30-31 October), the

BoJ's bond-buying plans for November (31 October) and the 10y JGB auction (1

November). We expect the BoJ to retain the bond-buying ranges for all sectors in

November."