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Business & Finance

Japan 30-Year Bond Sale Sees Firmer Demand Than 12-Month Average

Key Points

Bonds Japan 30-Year Bond Sale Sees Firmer Demand Than 12-Month Average Japan’s 30-year bond auction drew stronger demand than its 12-month average as high yields attracted investors. The bid-to-cover ratio at Thursday’s sale was 3.86 compared with 4.55 at the previous auction and a 12-month average of 3.49. Japan’s bonds held gains after the sale.

Bonds Japan 30-Year Bond Sale Sees Firmer Demand Than 12-Month Average Japan’s 30-year bond auction drew stronger demand than its 12-month average as high yields attracted investors. The bid-to-cover ratio at Thursday’s sale was 3.86 compared with 4.55 at the previous auction and a 12-month average of 3.49. Japan’s bonds held gains after the sale.
Japan (LOCATION)
Originally published by Bloomberg Markets Read original →