JGBs edge lower in the early Tokyo session, tracking overnight price declines in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. However, investors may adopt a wait-and-see mood ahead of Japanese Ministry of Finance's auction today of about 2.6 trillion yen of 10-year sovereign debt. "We expect demand from pension funds at this auction," Citi Research's Tomohisa Fujiki says in a research report. Based on MOF's debt management report showing bids by "other" investors increased last fiscal year, most of these are probably by Government Pension Investment Fund, the rates strategist says. The 10-year JGB yield is 1.5 bps higher at 2.715%. (ronnie.harui@wsj.com)