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


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#1-28, #99-164 & #349-367 will be on offer.

  • The previous liquidity enhancement auction covering these maturities was held on 11 November. The auction was covered 3.930x at an average spread of -0.047%, a high spread of -0.035% was registered, with 33.9130% of the bids allotted at the high spread.
  • Expect the usual "bunching" of demand. Last month's auction saw a particularly narrow round of bonds tapped, dominated by Y367.8bn of JB#164.
  • Results due at 0335GMT/1235JST.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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