Yields Mixed As Tokyo Returns From Holiday

JGB futures have traded lower than settlement during Tokyo hours, last
-5, with some underperformance evident in the 7-20 Year sector of the
cash curve for most of the day, as the zone cheapened, vs. slight
richening elsewhere. 10-25 Year Rinban ops saw a widening of spreads,
cover ratio virtually unch.

• Chief Cabinet Secretary Suga retained a similar tone re: the local
  COVID-19 backdrop, although Economy Minister Nishimura sounded
  a little more worried than he had been in recent times, even as the
  Tokyo case count moderated (a reminder that Sunday's often see a
  dip in testing).
• There wasn't much else to note, with participants looking through the
  summary of opinions from the BoJ's most recent meeting. Final Q1
  CapEx data was a fair chunk softer than flash.
• 40-Year supply headlines locally tomorrow.