The BoJ offers to buy an unlimited amount of 10-Year JGBs at a fixed rate of 0.25%.
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The BoJ offers to buy a total of Y1.575tn of JGBs from the market:
The BoJ offers to buy an unlimited amount of 10-Year JGBs at a fixed rate of 0.25%.
The latest round of ACGB Jun-51 supply passes smoothly, with the weighted average yield printing 0.68bp through prevailing mids (per Yieldbroker), while the cover ratio is comfortably above the 2.50x level. We expected smooth passage of supply based on the factors outlined in our preview, and that is what we got. No immediate post-auction reaction in ACGB Jun-51, nor in XM futures.