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

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese Ministry of Finance (MOF) will today sell
Y400bn of JGBs with 1-5 Years until maturity in a liquidity enhancement auction.
JB#47-71, #125-139, #310-334 & #392-404 will be on offer.
- The previous enhanced liquidity auction covering these maturities was held on
July 19. The auction saw Y400bn offered and was covered 4.804x at an average
spread of -0.009%, and a high spread of -0.009%, with 96.5997% of the bids
allotted at the high spread.
- The most recent auction saw some focus in JB#323-325 (cumulatively accounting
for Y173.5bn of the take-up), while JB#401 accounted for a Y85.8bn 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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