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PREVIEW: The Japanese MOF sells Y500bn of JGBs in a liquidity enhancement auction.

JGBS AUCTION
  • 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#1-12, #22-66 & #156-172 will be on offer.
  • The previous enhanced liquidity auction covering these maturities was held on June 11. The auction saw Y499.2bn issued and was covered 2.971x at an average spread of -0.011%, and a high spread of -0.007%, with 62.7986% of the bids allotted at the high spread.
  • Results due at 0435BST/1235JST.

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