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
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »