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PREVIEW: 5- To 15.5-Year Liquidity Enhancement Due

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#1-24, #88-158 & #343-361 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on April 15. The auction saw Y496.7bn issued and was covered 4.703x at an average spread of -0.004%, and a high spread of -0.003%, with 47.1379% of the bids allotted at the high spread.
  • Last month's liquidity enhancement auction saw JB#345 & JB#346 account for a cumulative ~Y128bn of the takedown, while JB#155-157 accounted for a cumulative ~Y139 of the takedown.
  • 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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