*** The standout from the latest round of......>

JGBS: *** The standout from the latest round of weekly Japanese security flow

data was the surge in foreign purchases of Japanese bonds, which jumped to

Y1.7175tn from Y733.1bn in the prior week. This level of purchases represents

the highest amount since records began (going back to late 2001).

- The data covered the week until Dec 07, which saw 10-Year JGB yields hit

~0.5bp, a level not seen since the BoJ's YCC adjustment back in late July,

suggesting that foreign buyers may have driven yields lower, with broader demand

for tier 1 global bonds noted against a backdrop of equity volatility and

questions re: the Fed hiking cycle emerging.

- The print helped the 4-week cumulative purchase amount jump, with the measure

sitting in positive territory for a 7th consecutive week.

- Chart: Foreign Flows Into Japanese Bonds vs. 10-Year JGB Yield

http://marketnews-m.objects.xtenit.com/marketnewsintl/Foreign_Flows_Into_Japanes

e_Bonds_Vs._10_Year_JGB_Yield.png