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PREVIEW: Liquidity Enhancement Auction For 1- To 5-Year JGBs Due

JGBS AUCTION

The Japanese Ministry of Finance (MOF) will today sell Y400bn of JGBs with 1-5 Years until maturity in a liquidity enhancement auction. JB#59-91, #134-148, #326-344 & #418-430 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on September 21. The auction saw Y398.8bn issued and was covered 4.064x at an average spread of -0.007%, and a high spread of -0.005%, with 3.7158% of the bids allotted at the high spread.
  • JB#335-342 accounted for a cumulative ~Y210bn of the takedown at the previous auction, with the usual "bunching" in play.
  • Results due at 0335GMT/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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