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Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average

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Bonds Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average Japan’s two-year government bond auction on Thursday saw stronger demand than the 12-month average as elevated yields underpinned buying. The bid-to-cover ratio was 4.03, the highest since June, compared with 3.89 at the previous sale, and a 12-month average of 3.84.

Bonds Japan’s Two-Year Bond Sale Demand Stronger Than 12-Month Average Japan’s two-year government bond auction on Thursday saw stronger demand than the 12-month average as elevated yields underpinned buying. The bid-to-cover ratio was 4.03, the highest since June, compared with 3.89 at the previous sale, and a 12-month average of 3.84.
Japan (LOCATION)
Originally published by Bloomberg Markets Read original →