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

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese Ministry of Finance (MOF) will today sell
Y500bn of JGBs with 5-15.5 Years until maturity in a liquidity enhancement
auction. JB#1-20, #78-154 & #339-357 will be on offer.
- The previous enhanced liquidity auction covering these maturities was held on
May 22. The auction saw Y498.4bn issued and was covered 3.465x at an average
spread of -0.007%, and a high spread of -0.005%, with 32.8620% of the bids
allotted at the high spread.
- Last month's auction saw takedown dominated by JB#346 & JB#152, which
accounted for a cumulative ~Y300bn 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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