Japan sells JPY 1.97tln 10yr JGBs, b/c 2.57x (prev. 3.30x), average yield 2.350% (prev. 2.122%)

The recent auction of JPY 1.97 trillion in 10-year JGBs showed weaker demand, with a bid-to-cover ratio dropping to 2.57x from 3.30x, indicating that investor appetite is diminishing.

Newsquawk StaffPublished 2 Apr 2026, 03:55 UTCOn the live feed at 03:35 UTC — 1 more headline followed before this page went public

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Japan sells JPY 1.97tln 10yr JGBs, b/c 2.57x (prev. 3.30x), average yield 2.350% (prev. 2.122%)

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Lowest accepted price 100.04 vs prev. 99.76
Average accepted price 100.40 vs prev. 99.82
Tail in price 0.36 vs prev. 0.06

Context

The increase in average yield to 2.350% suggests a shift in market expectations, potentially pointing to rising interest rates or inflation concerns. This situation may lead to broader implications for the Japanese yield curve and overall fixed income attractiveness.

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