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Japan’s 20-Year Bond Sale Sees Strongest Demand on Record

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Bonds Japan’s 20-Year Bond Sale Sees Strongest Demand on Record Japan’s 20-year government bond auction Tuesday saw the strongest demand on record as elevated yields underpinned buying. The bid-to-cover ratio was 5.84, compared with 4.01 at the previous sale, and a 12-month average of 3.73. In another sign of robust investor interest, the tail, or gap between average and lowest-accepted prices, was 0.07, compared with 0.15 last month.

Bonds Japan’s 20-Year Bond Sale Sees Strongest Demand on Record Japan’s 20-year government bond auction Tuesday saw the strongest demand on record as elevated yields underpinned buying. The bid-to-cover ratio was 5.84, compared with 4.01 at the previous sale, and a 12-month average of 3.73. In another sign of robust investor interest, the tail, or gap between average and lowest-accepted prices, was 0.07, compared with 0.15 last month.
Japan (LOCATION)
Originally published by Bloomberg Markets Read original →