Free Trial

Rally Fades, But Strong Weekly Gains


Bears Threat Remains Present


Late SOFR/Treasury Option Roundup


St Louis Fed Director On Inflation, Growth


Needle Points North, Despite Friday Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

PREVIEW: 5-Year JGB Supply Due


The Japanese MOF will today sell 2.5tn of 5-Year JGBs, re-opening JB#154. The MOF last sold 5-Year debt on 14 October, the auction drew cover of 3.993x at an average yield of 0.081%, average price of 100.09, high yield of 0.083%, low price of 100.08, with 21.5292% of bids allotted at the high yield.

  • Outright yield levels are incrementally below prevailing levels witnessed at last month’s auction, which should result in a solid baseline level of demand, with participants set to attempt to put excess cash to work.
  • The 2-/5-Year curve has moved off cycle steeps, but current curve levels will likely provide a further source of demand given the BoJ’s on-hold mantra.
  • Results due at 0335GMT/1235JST.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


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.