Free Trial

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

JGBS AUCTION
JGBS AUCTION: The Japanese Ministry of Finance (MOF) will today sell Y2.1tln of
2-Year JGB's.
- The MOF last sold 2-Year debt on April 24, the auction drew cover of 5.394 at
an average yield of -0.134%, average price of 100.471, a high yield of -0.134%,
low price of 101.470, with 97.5900% allotted at the high yield.
- Benchmark 2-Year yields sit around 1.0bp lower than they did at the time of
the most recent 2-Year auction. That said 2-Year paper isn't particularly rich
when compared to some of the recent auction cycles.
- 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.