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Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average

Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average
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Bonds Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average Japan’s two-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying. The bid-to-cover ratio was 4.82, compared with 3.70 at the previous sale, and a 12-month average of 3.74. In another sign of strong investor demand, the tail, or gap between average and lowest-accepted prices, was 0.005, compared with 0.02 last month.

Bonds Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average Japan’s two-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying. The bid-to-cover ratio was 4.82, compared with 3.70 at the previous sale, and a 12-month average of 3.74. In another sign of strong investor demand, the tail, or gap between average and lowest-accepted prices, was 0.005, compared with 0.02 last month.
Japan (LOCATION)
Originally published by Bloomberg Markets Read original →