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JGBS AUCTION: PREVIEW - 20-Year JGB Auction Due

JGBS AUCTION
BulletAPACFixed Income BulletsJapanMarkets

The Japanese Ministry of Finance (MoF) will today sell Y1.0tn of 20-Year JGBs. The MoF last sold 20-year debt on 16 January 2025, the auction drew cover of 3.7891x at an average yield of 1.983%, an average price of 100.24, a high yield of 1.985%, a low price of 100.20, with 60.5416% of bids allotted at the high yield.

  • The latest 20-year JGB auction follows robust results from last month’s issuance. The low price significantly outperformed dealer forecasts, the cover ratio rose to 3.7891x from 3.379x in the previous auction, while the auction tail shortened.
  • Today’s auction comes on the heels of robust demand metrics observed in this month’s 30-year JGB auctions, suggesting investor appetite remains firm for longer maturities.
  • Results are due at 0335 GMT / 1235 JT.
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The Japanese Ministry of Finance (MoF) will today sell Y1.0tn of 20-Year JGBs. The MoF last sold 20-year debt on 16 January 2025, the auction drew cover of 3.7891x at an average yield of 1.983%, an average price of 100.24, a high yield of 1.985%, a low price of 100.20, with 60.5416% of bids allotted at the high yield.

  • The latest 20-year JGB auction follows robust results from last month’s issuance. The low price significantly outperformed dealer forecasts, the cover ratio rose to 3.7891x from 3.379x in the previous auction, while the auction tail shortened.
  • Today’s auction comes on the heels of robust demand metrics observed in this month’s 30-year JGB auctions, suggesting investor appetite remains firm for longer maturities.
  • Results are due at 0335 GMT / 1235 JT.