Japan’s 5-Year Notes May Draw Low Price of 99.88, Survey Says
Japan’s sale of 2.7 trillion yen ($28.8 billion) in 5-year notes may have a lowest-accepted price of 99.88, according to the median forecast of 13 traders surveyed by Bloomberg News.
Estimates for the lowest-accepted price of the 0.1 percent notes ranged from 99.87 to 99.88, according to the survey.
Twelve traders said 99.88 and one trader said 99.87.
The lowest-accepted price is the minimum at which the government sells the securities. The Ministry of Finance will announce the results at 12:45 p.m. in Tokyo.
To contact the reporter on this story: Kevin Buckland in Tokyo at email@example.com
To contact the editor responsible for this story: Rocky Swift at firstname.lastname@example.org