Free Trial

PREVIEW: The Japanese MOF will today...>

JGBS AUCTION
JGBS AUCTION: PREVIEW: The Japanese MOF will today sell Y2.0tn of 2-Year JGB's
opening JB#402.
- The MOF last sold 2-Year debt on May 30, the auction drew cover of 5.440x at
an average yield of -0.169%, average price of 100.540, high yield of -0.166%,
low price of 100.535, with 38.4410% of bids allotted at the high yield.
- 2-Year JGB yields printed the lowest level seen since April 2017 last week,
but operate ~4.5bp back from last week's trough at writing.
- The 2-/5-Year spread looks extremely flat at present.
- 2-Year ASW swaps operate around the middle of their recent 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.