The lowest accepted price for 20-year JGBs for the 0345 GMT auction result is likely to be around 100.20, traders say. The latest issue carries a coupon of 1.7%, reopening the No.140 issue. RBS Securities chief rates strategist Akito Fukunaga expects smooth auction results as JGB yields are likely to continue falling due to the economic pullback and increasing deflationary pressure. But some analysts are concerned about investor demand, as domestic political uncertainties raise the possibility of yield rises. Lead December JGB futures are down 0.14 at 144.33.
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