Japan MOF Buys Back ¥20 Billion as China Plans Macau Bond Sale

Japan’s Ministry of Finance accepted ¥20 billion ($125 million) of offers in its latest government bond buyback, drawing ¥94.4 billion of competitive bids. The highest accepted spread was –0.330 yen and the average –0.352 yen, with bids accepted up to 52.76%. The repurchase, scheduled to settle on 10 July, forms part of liquidity operations announced alongside a separate ¥3.5 trillion sale of Treasury discount bills. Separately, China’s Ministry of Finance said it will issue RMB6 billion ($826 million) of sovereign bonds in Macau on 16 July. The sale, its latest effort to deepen the offshore renminbi market, follows previous multi-tranche offerings in the territory and underscores Beijing’s push to diversify funding channels outside the mainland.