The JGB 10-Year came down 17 ticks at one......>

JGBS: The JGB 10-Year came down 17 ticks at one point in the Asia-Pac session.

In the overnight session JGB's moved alongside U.S. Tsys, coming down after Fed

Yellen spoke and generally increased confidence for a Dec rate hike, moving

investors out of safe haven trades. During Asia trade JGB's dropped 13 ticks

after BOJ purchases were announced as the same as previous but with heavy offers

(Cover for the 3 to 5-Years was 4.09x, 10 to 25-Years was 3.71x and 25+-Years

was 3.88x, all up from prior.) The JGB 10-Year again dipped towards the end of

the session despite Pres. Trump saying the U.S is 'totally prepared' for second

option of military action on N. Korea but stated this would be 'devastating.' 

- The JGB 10-Year is currently at 150.68, down 12 ticks and yields are up across

the curve with more activity on the long end, the JGB 10-Year up 1.4bp and the

40-Year up 1.9bp.

- Small Business Confidence Index came in very slightly up at 49.4 vs 49

previously but lower than anticipated.