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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPREVIEW: The Japanese Ministry of......>
JGBS AUCTION: PREVIEW: The Japanese Ministry of Finance (MOF) will today sell
Y500bn of JGBs with 15.5-39 Years until maturity in a liquidity enhancement
auction. JB#1-11, #19-63 & #153-169 will be on offer.
- The previous enhanced liquidity auction covering these maturities was held on
August 27. The auction saw Y500bn offered and was covered 2.652x at an average
spread of 0.030%, and a high spread of 0.032%, with 94.6817% of the bids
allotted at the high spread.
- JB#21, #155 & #161 accounted for a cumulative ~Y237.3bn of the takedown in the
most recent liquidity enhancement auction covering this area of the curve.
- The recent BoJ Rinban dynamics and the Bank's clear desire to steepen the JGB
curve point to the need for caution re: the outcome of this offering, especially
in the wake of Tuesday's weak 10-Year offering.
- Results due at 0435BST/1235JST.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.