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PREVIEW: Liquidity Enhancement Auction For OTR 5- To 15.5-Year JGBs

JGBS AUCTION

The Japanese Ministry of Finance (MOF) will today sell Y500bn of JGBs with 5-15.5 Years until maturity in a liquidity enhancement auction. JB#1-27, #95-162 & #347-365 will be on offer.

  • The previous enhanced liquidity auction covering these maturities was held on April 19. The auction saw Y597.2bn issued and was covered 4.651x at an average spread of -0.009%, and a high spread of -0.008%, with 58.4130% of the bids allotted at the high spread.
  • Last month’s auction saw a particular concentration of demand for JB#355-356, which accounted for a cumulative ~Y312bn of the takedown.
  • Results due at 0435BST/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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