The JGB 10-Year future gapped higher ahead.....>

JGBS: The JGB 10-Year future gapped higher ahead of the Tokyo open as news

outlets said late Wednesday ET they expect Powell to be picked by Pres. Trump

for Fed Chair on Thursday ET. The 10-Year took a 5 tick bid after Japanese

Bond/Stock flow came in then declined after BOJ buying operations which remained

the same. The JGB is now on the up again along with TYZ as CNN report N. Korea

is working on an advanced missile, advanced enough to reach the U.S. The 10-Year

price was last at 150.51 after closing the overnight at 150.44. - Bond and stock

flow figures showed an increase in the amount of foreigners buying Japanese

bonds (+Y81.7bln from -Y410bln prior) and a decrease in the Japanese buying of

foreign bonds(-Y1084.2 from +Y10.9bln prior.) 

- Barclays opening call: "Today could see the market in a range overall with

headwinds from ongoing risk-on flows offset by perceptions of favourable supply

and demand." - Japanese Monetary Base figures showed a slowing in pace, 14.5%

from 15.6% and later in the session (0500GMT/1400JST) we will see Japan Consumer

Confidence figures, surveyed to slow also from 43.9 to 43.6.

- JGB bond yields are mainly down, the 1-Year down 1.6bp and the 10-Year flat.