Free Trial

PREVIEW: The Japanese MOF will today...>

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese MOF will today sell Y2.1tn of 10-Year JGB's
reopening #JB354. The MOF last sold 10-Year debt on April 2, the auction drew
cover of 5.068x at an average yield of -0.060%, average price of 101.61, high
yield of -0.059%, low price of 101.60, with 37.4603% of bids allotted at the
high yield.
- Outright 10-Year JGB yields operate ~4.0bp off the recent cycle lows. The line
continues to look rich in ASW terms.
- On a relative basis, the 5-10-30 Year fly sits comfortably away from YtD lows,
around the middle of its 3-month range.
- 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

To read the full story

Close

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.