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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#1-18, #73-152 & #336-355 will be on offer.
- The previous enhanced liquidity auction covering these maturities was held on
October 8. The auction saw Y598.5bn issued and was covered 2.680x at an average
spread of +0.012%, and a high spread of +0.014%, with 54.3325% of the bids
allotted at the high spread.
- JB#345 accounted for Y115.9bn of the takedown at the prior auction, with
dealers seemingly more interest in the old 10-Year lines than the old 20s.
- Results due at 0335GMT/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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