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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPREVIEW: 20-Year Supply Due
The Japanese MOF will today sell Y1.2tn of 20-Year JGBs re-opening JB#179. The MOF last sold 20-Year debt on February 17, the auction drew cover of 3.391x at an average yield of 0.736%, average price of 95.91, high yield of 0.739%, low price of 95.85, with 67.1546% of bids allotted at the high yield.
- Continued uncertainty surrounding the Russia-Ukraine conflict has seen the space move back from recent multi-year cheaps, although most of the cheapening has been consolidated, leaving 20s towards the cheaper end of the recently observed range. Still heightened volatility may dissuade some from initiating outright longs.
- 20s sit near the cheaper end of the recent range on the 10-/20-/30-Year fly, which may entice some, with carry advantages over 30s more than offsetting the more favourable carry that 10s provide.
- Results due at 0335GMT/1235JST.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.