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The JGB curve shifted lower on Friday with.....>

JGBS
JGBS: The JGB curve shifted lower on Friday with the 2s10s curve flattening
slightly and the US/JP 10-year spread widening 2bps to 292bps, close to the
widest level since 2007. 
- 10-year breakevens were up slightly on the week, supported by a slight
recovery in bank stocks, but show no signs of breaking to the upside despite the
BOJ's best efforts. 
- Focus today shifts to the latest batch of BoJ Rinban operations covering the
1-2, 3-5, and 5-10 year buckets. 

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