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PREVIEW: 5-15.5 Year Liquidity Enhancement Auction

JGBS AUCTION

The Japanese Ministry of Finance (MOF) will today sell Y500bn of JGBs with 5-15.5 Years until maturity in a liquidity enhancement auction. JB#1-21, #81-155 & #340-358 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on August 14. The auction saw Y498.9bn issued and was covered 3.335x at an average spread of +0.008%, and a high spread of +0.011%, with 46.9656% of the bids allotted at the high spread.
  • Most of the takedown at last month's auction was spread across JB#123-124, JB#128-129 & JB#340-341, which accounted for a cumulative ~Y370bn of the paper that was issued.
  • 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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