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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 Y500bn of JGBs with 1-5 Years until maturity in a liquidity enhancement auction. JB#64-96, #137-152, #330-347 & #428-440 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on July 20. The auction saw Y497.9bn issued and was covered 3.465x at an average spread of -0.004%, and a high spread of -0.002%, with 42.5903% of the bids allotted at the high spread.
  • JB#137 and JB#144 accounted for a cumulative ~Y150bn of the takedown at the last auction.
  • Results due at 0435BST/1235JST.

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