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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: 40-Year JGB Supply Due
The Japanese MOF will today sell Y600bn of 40-Year JGB's re-opening JB#14. The MOF last sold 40-Year debt on September 28, the auction drew cover of 2.525x at a high yield of 0.770%, low price of 97.62, with 40.9523% of bids allotted at the high yield.
- Outright 40-Year yields hover around the midpoint of the YtD range. The 30-/40-Year yield spread also hovers around its own YtD midpoint, shaking off some flattening pressure that became apparent in October. This shouldn't present any impediments to demand.
- Meanwhile, press reports surrounding the issuance burden created by the impending fiscal stimulus package point to a relatively digestible uptick in issuance requirements, which shouldn't deter bidders ahead of today's supply.
- 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.