The Japanese Ministry of Finance (MOF) will....>

JGBS: The Japanese Ministry of Finance (MOF) will today sell Y2.2tln of 0.10%

2-Year notes, a new issue #JGB383.

- The MOF last sold 2-Year debt on October 26, the auction drew an average yield

of -0.143% at 100.489, a high yield of -0.141% at 100.485, the sale was covered

3.58x.

- In the grey market the on the run issue yields -0.165%, up 0.9bp on the

session.

- The auction could see subdued demand due to the proximity of the BoJ's

December buying plan announcement which will take place after market close

tonight. The purchases have been on a declining trend recently, the Y7.5tln

purchased in November was the lowest total since 2014.

- The MOF will also sell Y4.39tln of 3-Month bills, slightly smaller than the

usual Y4.4tln sale. The T-Bill balance will likely be lowered as the Bank has

bought less than the lower end of the Y20tln target range in.

- Bull results due at 0335GMT/1235JST, note results due at 0345GMT,1245JST.