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The JGB curve shifted lower on Monday,.........>

JGBS
JGBS: The JGB curve shifted lower on Monday, extending Friday's losses in line
with US and eurozone bonds, thanks in part to hawkish comments from ECB's
Villeroy who hinted at a sooner-than-expected end to QE in the currency bloc.
- The 10-year continues to edge below short-term support at the 50DMA (currently
at 150.80), with the next level of support at the 100DMA currently at 150.59.  
- The 2s10s curve steepened slightly while the US/JP 10-year spread widened back
to 294.9, testing its May 8 high. 
- Upcoming preliminary Q1 GDP figures could provide impetus for a move lower
particularly if the deflator beats expectations. 

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