Bloomberg News

Japan’s 2-Year Notes May Draw Low Price of 100.07, Survey Says

March 27, 2013

Japan’s sale of 2.9 trillion yen ($30.8 billion) in two-year notes may have a lowest-accepted price of 100.07, according to the median forecast of 12 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 0.1 percent notes ranged from 100.06 to 100.08, according to the survey.

Two traders said 100.06, one trader said 100.065, five said 100.07, three said 100.075, and one said 100.08.

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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