The JGB 10-Year future weakened alongside......>

JGBS: The JGB 10-Year future weakened alongside Tsys on the overnight which sold

off amid speculation that Fed Chair nominee Taylor might be the front-runner.

The 10-Year future closed the overnight at 150.33 and immediately dipped to

150.26 on Tokyo's open.

- The 10-Year JGB also moved slightly lower on the overnight when headlines came

down stating Nippon and Sumitomo are to raise foreign bond buying in the 2nd

half of the fiscal year.

- Barclays opening call: "Today could see the JGB flattening trend take a

breather amid riskon flows after the sharp selloff in UST overnight. The BoJ is

scheduled to hold buying operations for 1-5y and 10y+ issues today. With this

week bringing two operations for 10y+ issues (including today's), we expect the

strength of the superlong sector to find support despite headwinds from the

external environment."