The JGB 10-Year opened Tokyo lower at..........>

JGBS: The JGB 10-Year opened Tokyo lower at 150.39, it blipped higher to 150.47

as the market opened with a large block of JBZ7 at 150.45... yesterday's Tokyo

close was around 150.41 after the 10-Year took a bid after strong cover on the

30-Year bond auction. 

- JGB's moved alongside Tsys on the overnight, taking a bid on block trades.

- Japan PPI out at 0050BST/0850JST, surveyed to be up from prior and surveys

were accurate, PPI came in at 3.0% YoY from 2.9% prior, the JGB 10-Year has

remained up at around 150.47 on the data.

- BOJ 5-10, 10-25 and 25+ Year bonds purchases later, the last few performed

purchasing operations, although unchanged, have brought in strong offers,

driving yields up and moving the JGB market so we'll look to those at

0210BST/0810JST.

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

the absence of any obvious catalysts after USTs showed limited price action

overnight. The BoJ is scheduled to hold buying operations for 510y and 10y+

issues today."