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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. JB#1-17, #72-151 & #335-354 will be on offer. The previous enhanced
liquidity auction covering these maturities was held on July 11. The auction saw
Y600bn offered and was covered 2.769x at an average spread of -0.015%, and a
high spread of -0.013% with 42.7234% of the bids allotted at the high spread.
- The most recent auction saw some focus in JB#348, 349 & 351 (cumulatively
accounting for ~Y106bn of the take-up), while JB#127-129 accounted for a
cumulative ~Y128.8bn of the issuance.
- 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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