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 kbuckland1@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

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