Japan’s Ministry of Finance accepted ¥498.8 billion in competitive bids at its Thursday, Oct. 22, liquidity auction for Japanese government bond (JGB) market special participants, with issuance scheduled for Oct. 23.
The auction drew ¥1.8804 trillion in competitive bids. The ministry allotted 87.9293% of bids at the highest accepted spread, which was 0.007% below the reference rate.
The average accepted spread was 0.010% below the reference rate. The ministry’s results table notes that the spread figures are measured against the reference rate.
