The BoJ's latest tweak to its super-long......>

BONDS: The BoJ's latest tweak to its super-long end Rinban operations allowed

global bonds to soften, with JGB futures last 7 ticks lower at 150.95, Aussie

10-Year futures 5 ticks lower at 97.205 and US T-Note futures unchanged at

120-12+.

- The move was likely restricted by notable month end extension requirements in

Japan, with many suggesting that the tweak doesn't change the bigger picture for

the BoJ, as they believe that the trimming of the Rinban is supposed to

facilitate a steeper curve, citing the January "stealth taper" as an indication

of what we could see in the short term i.e. the BoJ upping purchases of shorter

dated paper after it cut longer dated purchases.

- Focus will fall on this evening's release of the BoJ's March bond buying plan.