Japan sells JPY 1.95tln 10yr JGBs, b/c 3.90x (prev. 2.57x), average yield 2.540% (prev. 2.350%)

The recent auction of JPY 1.95 trillion 10-year JGBs saw strong demand, indicated by a bid-to-cover ratio of 3.90, up from 2.57 previously.

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Japan sells JPY 1.95tln 10yr JGBs, b/c 3.90x (prev. 2.57x), average yield 2.540% (prev. 2.350%)

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Asahi Kasei (3407 JT) FY (JPY) net 158.8bln (prev. 135.0bln Y/Y), rev. 3.07tln (prev. 3.04tln Y/Y)

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  • Lowest accepted price 98.86 vs prev. 100.04
  • Average accepted price 98.89 vs prev. 100.40
  • Tail in price 0.03 vs prev. 0.36
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However, the average yield increase to 2.540% from 2.350% suggests that investors are demanding higher returns amid rising yield expectations, which may impact future borrowing costs and the broader interest rate environment.

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