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PREVIEW: The Japanese Ministry of......>

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese Ministry of Finance (MOF) will today sell
Y600bn of JGBs with 5-15.5 years until maturity in a liquidity enhancement
auction. JB1-16, JB70-150 & JB334-353 will be on offer.
- The previous enhanced liquidity auction covering these maturities was held on
March 14. The auction saw Y600bn offered and was covered 2.666x at an average
spread of -0.002%, and a high spread of 0.000% with 25.1132% of the bids
allotted at the high spread.
- 10-Year JB#346, accounted for ~Y101bn of the total issuance at last month's
auction, representing the largest allocation to an individual JGB.
- 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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