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

JGBS AUCTION
JGBS AUCTION: The Japanese Ministry of Finance will today auction Y550bln of
5-15.5 Year JGB's in an enhanced liquidity auction. The previous enhanced
liquidity auction in this maturity was held of November 21. The auction was
covered 3.32x at an average spread of -0.009%, and a high spread of -0.007% with
71.049% bids allotted at the high yield.
- The biggest takedown at the previous auction were:
* 10-Year #330 for Y105.6bln, 10-Year #326 for Y85.7bln, 10-Year #327 for
Y59.2bln
* 20-Year #142 for Y99.4bln

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