Free Trial

PREVIEW: Liquidity Enhancement Auction For OTR 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#67-99, #139-154, #333-349 & #432-444 will be on offer.

  • The previous liquidity enhancement auction covering these maturities was held on 22 November. The auction was covered 5.391x at an average spread of -0.005%, a high spread of -0.003% was registered, with 99.1150% of the bids allotted at the high spread.
  • The fortification of the BoJ’s YCC settings, which was accompanied by a tweak to the parameters underlying its Funds-Supplying Operations against Pooled Collateral, should facilitate smooth enough passage of the auction.
  • 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

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.