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

JGBS AUCTION
HomepageBond Market NewsBulletMarketsFixed Income News

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.
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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.