Japan will sell 1.9 trillion yen ($17.4 billion) of 10-year bonds tomorrow, part of plans this year
Published:
1 March 2004 y., Monday
Japan will sell 1.9 trillion yen ($17.4 billion) of 10-year bonds tomorrow, part of plans this year to issue almost 23 trillion yen of securities due in 10 years. It will also sell about 100 billion yen of 10-year inflation-linked notes on Thursday. France and Canada plan auctions in coming days.
The outlook for deflation in Japan may boost the appeal of longer-dated debt, said Michael Derks, chief global strategist in London at Commonwealth Bank of Australia. Consumer prices excluding fresh food fell 0.1 percent in January from a year earlier, the government said Friday.
Consumer prices have risen in only one month from the year- before level since April 1998. The Bank of Japan's nine-member policy board predicted in October that consumer prices will fall 0.4 percent in the current fiscal year ending March 31, and slip 0.3 percent next fiscal year. The yield on the benchmark 10-year note this year has fallen 14 basis points, or 0.14 percentage point to 1.24 percent on Friday.
The auction comes after a sale of 30-year bonds last week drew the smallest amount of bids since May 2000 as the Finance Ministry cut the coupon to 2 percent, the lowest since an auction in July.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »