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Why MNI
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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 MOF will today...>
JGBS AUCTION: PREVIEW: The Japanese MOF will today sell Y2.1tn of 2-Year JGB's.
- The MOF last sold 2-Year debt on August 30, the auction drew cover of 5.262x
at an average yield of -0.112%, average price of 100.425, high yield of -0.112%,
low price of 100.425, with 93.8200% allotted at the high yield.
- The 20-Year yield has traded in a ~2.5bp range since the most recent auction,
last trading at -0.108%, roughly in the middle of its recent range.
- The sector looks slightly cheaper than the nearby 3-Year in z-spread and ASW
terms, although 3-Year paper offers a more attractive carry and roll
proposition. - The BOJ's JGB purchase plan for October, due later today, could
be key for the space, after the adjustments made for September to factor in
calendar effects & trimming of longer dated purchases (25+ Year paper) last
Friday.
- Results due at 0435BST/1235JST.
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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.