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PREVIEW: 15.5-39 Year Liquidity Enhancement Auction Due

JGBS AUCTION

The Japanese Ministry of Finance (MOF) will today sell Y500bn of JGBs with 15.5-39 Years until maturity in a liquidity enhancement auction. JB#1-12, #24-68 & #158-174 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on December 22. The auction saw Y498.2bn issued and was covered 2.637x at an average spread of -0.002%, and a high spread of 0.000%, with 47.0443% of the bids allotted at the high spread.
  • The previous auction saw a fairly even spread between the lines re: takedown, although some of the usual bunching was seen, with JB#34-36 accounting for a cumulative ~Y105bn.
  • Results due at 0335GMT/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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