The 10-Year JGB was last at 150.47 The JGB.....>

JGBS: The 10-Year JGB was last at 150.47 The JGB saw mild downside on the Tokyo

session as the Nikkei moved higher after a strong earnings report from Sony and

USDJPY increased after Tokyo News Outlet Kyodo reported Japanese Prime Minister

Abe is going to order an extra budget meeting later today.

- Relatively flat on the overnight for the 10-Year moving within a 5 ticks range

as Tsys traded in low volumes on month end and investors await Wednesday's FOMC

policy meeting.

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

overall after USTs edged lower overnight, but price action could be limited

ahead of the FOMC results. Current yield levels are largely unchanged from the

average at the previous auction (0.077%), suggesting that valuations are not

particularly rich and that a collapse is unlikely. Assuming the lower house

election results strengthened the possibility of current monetary policy

remaining intact for longer, we believe yield levels around 6-7bp should spur a

certain level of short-covering and other demand." - 10-Year yield last down

0.2bp at 0.067 ahead of auction, results at 0345BST/1245JST.