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Tight range for JGB's, futures initially.......>

JGBS: Tight range for JGB's, futures initially moved higher on the earthquake
reports, however move was reversed as this was a fairly small incident and hit
off Ibaraki. Later reports have posited that the warning system could have
mistaken two smaller quakes close together for one large incident.
- Yield curve flattening alonside move in UST's, long end seeing some buying.
MOF announced 40-Year bond auction next week, buying limited in the short end
ahead of the 1-5 Year enhanced liquidity auction for Y300bln due later today.

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