Japan sells JPY 250bln 10yr I/L JGB; b/c 3.38x, (prev. 3.46x), yield at lowest accepted price 0.458% (prev. 0.113%)

• Lowest accepted price 96.05 (prev. 99.00)

The auction of JPY 250 billion in 10-year inflation-linked Japanese Government Bonds (JGBs) saw a slight decline in demand, indicated by a bid-to-cover ratio of 3.38x, down from the previous 3.46x. Notably, yields rose to 0.458% from the prior 0.113%, which may signal increasing investor concerns regarding inflation expectations and could have implications for future monetary policy by the Bank of Japan, affecting both fixed income markets and broader risk sentiment.