The 10-Year JGB was poised to open Tokyo at....>

JGBS: The 10-Year JGB was poised to open Tokyo at 150.36, it dipped 2 ticks to

150.34 on the open, then took a bid after Nikkei Manufacturing PMI came in up,

dipped ahead of the enhanced liquidity auction but then came up again when the

auction came in well covered and Japan supermarket sales came in down but by

less than prior, the 10-Year JGB was last at 150.41. 

- Coming into the overnight session the 10-Year took a bid to 150.39 but hovered

between 150.31 and 150.36 for the rest of the session, flatter with Tsy's as

markets await President Trump's decision on the next Fed chair and coming down

from gains seen on yesterday's session post election victory for Japanese Prime

Minister Abe. 

- Yields are mostly down across the curve, the 10-Year maturity the only one up

by 0.1bp. Yields are especially down on the long end after the Auction for

Enhanced liquidity of 20, 30 and 40-Year Issues came in with a cover of 3.15x

from a previous cover of 2.439x in the last enhanced liquidity auction of the

same maturity.