Free Trial

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

JGBS AUCTION
JGBS AUCTION: The Japanese Ministry of Finance (MOF) will today sell Y400bln of
15.5-39 Year JGB's in an enhanced liquidity auction. Eligible issues:
- No.145-162 of outstanding 20-year JGBs, No.11-56 of outstanding 30-year JGBs,
No.1-9 of outstanding 40-year JGBs.
- The previous enhanced liquidity auction in this maturity was held on October
24, the auction was covered 3.15x at an average spread of 0.007 and a high
spread of 0.006.
- The most active issues were 40-Year #9 for Y130.1bln, 30-Year #51 for Y70.8bln
and 30-Year #38 for Y41.6bln.
- This is the last auction this year for this zone, with heavy BOJ purchases in
the sector remaining in December the auction should see solid demand.
- Results due at 0345GMT/1245JST.

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.