Politics
Japan’s 10-Year Bond Sale Demand Stronger Than 12-Month Average
Key Points
Bonds Japan’s 10-Year Bond Sale Demand Stronger Than 12-Month Average Japan’s 10-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying. The bid-to-cover ratio was 3.76 compared with 3.29 at the previous sale, and a 12-month average of 3.21. The tail, or gap between average and lowest-accepted prices, was 0.02, compared with 0.12 last month.
Bonds
Japan’s 10-Year Bond Sale Demand Stronger Than 12-Month Average
Japan’s 10-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.
The bid-to-cover ratio was 3.76 compared with 3.29 at the previous sale, and a 12-month average of 3.21. The tail, or gap between average and lowest-accepted prices, was 0.02, compared with 0.12 last month.