Politics
Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average
Key Points
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.