Yesterday's session high capped JGB futures....>

JGBS: Yesterday's session high capped JGB futures during the Tokyo morning, with

the contract fading back from its early peak to trade just off late session lows

ahead of the close, -8 ticks vs. settlement.

- Local matters were in focus in early trade, although they had little impact on

the space. On the data front; retail sales were a touch soft, industrial

production was virtually in line with exp, with the core Tokyo CPI prints a

touch stronger than expected, while there was a surprise downtick in the

unemployment rate. Elsewhere, there were no standouts in the summary of opinions

from the BoJ's Dec meeting.

- 20-30 Year paper has outperformed in cash trade, with yields mixed across the

rest of the curve.