Free Trial

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

JGBS AUCTION
JGBS AUCTION: The Japanese Ministry of Finance will today sell Y600bln of JGBs
with 15.5-39.0 years until maturity in a liquidity enhancement auction.
- The previous enhanced liquidity auction covering these maturities was held on
May 24. The auction was covered 3.36x at an average spread of -0.008%, and a
high spread of -0.007% with 85.8474% bids allotted at the high yield. Y600bln
worth of paper was offered.
- The takedown at the most recent liquidity enhancement auction was dominated by
old 20 Year paper.
- The BoJ recently trimmed the size of its purchases in the 5-10 Year bucket and
this continues to play on the minds of participants as it was a surprise move
that caught many off guard.
- 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.