Home Politics Japan 30-Year Bond Sale Sees Strongest Demand Since 2019
Politics

Japan 30-Year Bond Sale Sees Strongest Demand Since 2019

Japan 30-Year Bond Sale Sees Strongest Demand Since 2019
Key Points

Bonds Japan 30-Year Bond Sale Sees Strongest Demand Since 2019 Japan’s 30-year government bond auction drew its strongest demand since 2019 as high yield levels attracted investors despite worries about fiscal policy and inflation. The bid-to-cover ratio at Tuesday’s sale was 4.55 compared with 2.94 at the previous auction and a 12-month average of 3.41. Japan’s 10-year bond futures extended gains after the sale, and the price of 30-year bonds rose, pushing the yield down five basis points...

Bonds Japan 30-Year Bond Sale Sees Strongest Demand Since 2019 Japan’s 30-year government bond auction drew its strongest demand since 2019 as high yield levels attracted investors despite worries about fiscal policy and inflation. The bid-to-cover ratio at Tuesday’s sale was 4.55 compared with 2.94 at the previous auction and a 12-month average of 3.41. Japan’s 10-year bond futures extended gains after the sale, and the price of 30-year bonds rose, pushing the yield down five basis points to 4.025%.
Japan (LOCATION)
Originally published by Bloomberg Markets Read original →