The Japanese Ministry of Finance.......>

JGBS AUCTION: The Japanese Ministry of Finance (MOF) will today auction Y1tln

0.6% 20-Year Sep 20 2037 JGB's: 

- The MOF last sold 20-Year bonds on September 14, the auction drew an average

yield of 0.560%, covered 4.15x. 

- All yields are up, the 20-Year yield up 0.2bp.

- Barclays Said: "Today could see the market come under some adjustment pressure

around the superlong end prior to the 20y auction given the overnight selloff in

USTs, but should draw buybacks around those sectors assuming firm auction

results. We expect the 20y auction (JL162) to clear smoothly with yields near

current levels (WI close on 16 October: 0.59%). Current yields are higher than

the average at the previous auction (0.56%), suggesting the issue is likely to

attract firm demand from a wide range of investors, as it did last time."

- Results due at 0445BST/1245JST