Japan sells JPY 1.9tln 5yr JGBs; b/c 3.22x (prev. 3.58x), average yield 2.024% (prev. 1.826%)

The auction saw a significant decrease in demand, as indicated by the bid-to-cover ratio dropping to 3.22x from a previous 3.58x, suggesting a weakened appetite for 5-year Japanese government bonds (JGBs).

Newsquawk StaffPublished 18 May 2026, 03:55 UTCOn the live feed at 03:35 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

04:02

European airlines and oil refiners are growing more confident Europe can avoid jet fuel shortages this summer after plants maximised output, boosted imports and governments tapped strategic reserves, according to FT

03:43

PRE-MARKET INDIAN STOCKS NEWS: Vodafone Idea (IDEA IS) reports Q4 net INR 519.7bln, while it received a USD 500mln investment boost

03:35

Japan sells JPY 1.9tln 5yr JGBs; b/c 3.22x (prev. 3.58x), average yield 2.024% (prev. 1.826%)

03:27

[MARKET ANALYSIS] Asia-Pac stocks declined as oil and yields climbed on concerns that military action could resume as President Trump warned the clock is ticking on Iran, while the region also digests disappointing Chinese activity data

02:59

[MARKET ANALYSIS] DXY gains amid the negative bias overnight, as well as upside in oil and yields

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Lowest accepted price 99.85 (prev. 99.84)
Weighted average price 99.89 (prev. 99.88)
Tail in price 0.05 (prev. 0.04)

Context

The average yield increased to 2.024%, reflecting rising borrowing costs despite the modest increase in the lowest accepted price. This could signal concerns about future rate hikes and may impact both the JPY and broader fixed income sentiment in the market.

Fixed Income · last 90 days

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