Japan to trim annual government bond...........>

JGBS: Japan to trim annual government bond issuance next fiscal year (RTRS

sources)

- Japan plans to issue a slightly lower amount of government bonds in the next

fiscal year beginning in April 2020 from the current fiscal year's levels, two

government officials with direct knowledge of the matter said on Wednesday. The

Ministry of Finance is set to sell 128.8 trillion yen ($1.2 trillion) of

Japanese government bonds next fiscal year, down from this fiscal year's 129.4

trillion yen, the officials told Reuters on condition of anonymity because the

plan has not yet been announced. Of the total, issuance of JGBs with maturity of

40 years will be increased by 600 billion yen from the current fiscal year to 3

trillion yen, the sources said.

- Link: https://tinyurl.com/yjkj76ew

- Similar to other reports, likely helping put a modest bid into JGB futures,

with the super-long end lagging in cash trade (on the increased 40-Year JGB

issuance chatter), allowing some twist steepening.