The JGB 10-Year closed Tokyo yesterday at......>

JGBS: The JGB 10-Year closed Tokyo yesterday at 150.28, it declined 21 ticks at

one point, the descent began after Pres. Trump outlined tax plans including cuts

and descended further after a weaker than previous 2-Year bond auction despite

strong predictions considering positive yields. On the over night session the

JGB 10-Year came back up slightly alongside U.S treasuries when Pres. Trump

formally announced tax cuts and Fed George supported Fed Chair Yellen's and

Rosengren's hints further towards a Dec rate hike. JGB's opened Tokyo at 150.35,

bouncing slightly on the open to 150.39, now back down.

- Later today BOJ purchases will be out, Tuesday's purchases moved markets when

offers came in heavy so we'll look to that. 

- Some significant Japan data: Japan Core CPI (0.7% from 0.4%), Industrial

Output (2.1% from -0.8%), Household Spending (0.6% from -0.2%), BOJ Summary of

Opinions, 'more easing necessary to stimulate demand.' 

- 40-Year JGB yield dropped after BOJ summary of pinions were released from

+3.5bp to -0.5bp, 10-Year at +2.2, standing strong there from the start of the

session.