Politics
Japan’s Two-Year Bond Sale Demand Weaker Than 12-Month Average
Key Points
Bonds Japan’s Two-Year Bond Sale Demand Weaker Than 12-Month Average Japan’s two-year government bond auction Thursday saw lower demand than the 12-month average amid growing expectations of central bank tightening. The bid-to-cover ratio was 3.63, compared with 4.82 at the previous sale, and a 12-month average of 3.81. In another sign of weak investor interest, the tail, or gap between average and lowest-accepted prices, was 0.007, compared with 0.005 last month.
Bonds
Japan’s Two-Year Bond Sale Demand Weaker Than 12-Month Average
Japan’s two-year government bond auction Thursday saw lower demand than the 12-month average amid growing expectations of central bank tightening.
The bid-to-cover ratio was 3.63, compared with 4.82 at the previous sale, and a 12-month average of 3.81. In another sign of weak investor interest, the tail, or gap between average and lowest-accepted prices, was 0.007, compared with 0.005 last month.