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PREVIEW: 10-YEAR JGB Supply Due

JGBS AUCTION

The Japanese MOF will today sell Y200bn of 10-Year JGBis re-opening JB#26. The MOF last sold 10-Year inflation-linked debt on May 17, the auction drew cover of 3.818x at a high yield of -0.185%, low price of 101.90, with 30.2491% of bids allotted at the high yield.

  • Inflation remains virtually non-existent in Japan (at least as observed in the CPI data suite), but given the current global inflationary impulse we should expect smooth passage of the auction.
  • 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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