Politics
Japan’s 10-Year Bond Sale Demand In-Line With 12-Month Average
Key Points
Bonds Japan’s 10-Year Bond Sale Demand In-Line With 12-Month Average Japan’s 10-year government bond auction Thursday saw demand that was in line with the 12-month average, suggesting appetite remains solid even after a recent decline in yields. The bid-to-cover ratio was 3.21 compared with 3.76 at the previous sale, and a 12-month average of 3.24. The tail, or gap between average and lowest-accepted prices, was 0.25, compared with 0.02 last month.
Bonds
Japan’s 10-Year Bond Sale Demand In-Line With 12-Month Average
Japan’s 10-year government bond auction Thursday saw demand that was in line with the 12-month average, suggesting appetite remains solid even after a recent decline in yields.
The bid-to-cover ratio was 3.21 compared with 3.76 at the previous sale, and a 12-month average of 3.24. The tail, or gap between average and lowest-accepted prices, was 0.25, compared with 0.02 last month.