The lowest accepted price for five-year JGBs for the 0345 GMT auction result is likely around 100.04-100.05, traders say. The latest issue, a reopen of the previous issue, carries a coupon of 0.2%. Traders expect a smooth auction as many investors are eager to buy bonds as safe-haven assets amid the increasing likelihood that Japan will slip into a temporary recession. Lead December futures are down 0.02 at 144.56.
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