MNI BRIEF: Olli Rehn Gets Second Term As Bank Of Finland Head

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

CHINA JAN-FEB NEW LOANS CNY6.14 TRLN VS MEDIAN CNY6.43 TRLN

MNI BRIEF: China's Education Ministry To Boost Graduate Jobs

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY MAR INDEX 57.9

MNI: CANADA JAN WHOLESALE SALES +1.7%; EX-AUTOS +0.7%

MNI: CANADIAN JAN MANUFACTURING SALES +1.7% MOM

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JGBS AUCTION: PREVIEW: 5-Year JGB Auction

JGBS AUCTION
BulletAPACFixed Income BulletsJapanMarkets

The Japanese Ministry of Finance (MoF) will today sell Y2.3tn of 5-Year JGBs. The MoF last sold 5-year debt on 14 January 2025, with the auction drawing cover of 3.8158x at an average yield of 0.876%, an average price of 100.11, a high yield of 0.878%, a low price of 100.10, with 28.5121% of bids allotted at the high yield.

  • Last month’s 5-year bond auction demonstrated mixed demand metrics. The auction price surpassed dealer expectations. However, the cover ratio declined significantly to 3.8158x from 4.4177x. Meanwhile, the auction tail was unchanged compared to last month at 0.01.
  • Today’s auction also comes after this month’s 10-year bond auction reflected mixed demand signals. The low price beat expectations, according to the Bloomberg dealer poll. However, the cover ratio declined to 3.1809x from 3.3570x in the previous auction and the tail lengthened slightly to 0.03 from 0.01.
  • Results are due at 0335 GMT / 1235 JST.
150 words

To read the full story

Close

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.

The Japanese Ministry of Finance (MoF) will today sell Y2.3tn of 5-Year JGBs. The MoF last sold 5-year debt on 14 January 2025, with the auction drawing cover of 3.8158x at an average yield of 0.876%, an average price of 100.11, a high yield of 0.878%, a low price of 100.10, with 28.5121% of bids allotted at the high yield.

  • Last month’s 5-year bond auction demonstrated mixed demand metrics. The auction price surpassed dealer expectations. However, the cover ratio declined significantly to 3.8158x from 4.4177x. Meanwhile, the auction tail was unchanged compared to last month at 0.01.
  • Today’s auction also comes after this month’s 10-year bond auction reflected mixed demand signals. The low price beat expectations, according to the Bloomberg dealer poll. However, the cover ratio declined to 3.1809x from 3.3570x in the previous auction and the tail lengthened slightly to 0.03 from 0.01.
  • Results are due at 0335 GMT / 1235 JST.