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
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »