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PREVIEW: 1- To 5-Year Liquidity Enhancement Auction Due

JGBS AUCTION

The Japanese Ministry of Finance (MOF) will today sell Y500bn of JGBs with 1-5 Years until maturity in a liquidity enhancement auction. JB#62-94, #136-150, #329-346 & #424-436 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on March 24. The auction saw Y399.1bn issued and was covered 4.066x at an average spread of -0.002%, and a high spread of 0.000%, with 17.0668% of the bids allotted at the high spread.
  • JB#338 & JB#339 accounted for ~Y135bn of the takedown last time around.
  • Results due at 0435BST/1235JST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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