Japan sells JPY 299.9bln in 5yr Climate Transition Bonds b/c 3.49 (prev. 3.98), price at highest accepted yield 99.61 (prev. 99.53), highest accepted yield 1.684% (prev. 1.098%)
The recent auction of Japan's 5-year Climate Transition Bonds saw a notable drop in the highest accepted yield, suggesting weaker demand as indicated by the reduced allotment for bids.
Japan's PM Takaichi says would like to achieve two-year suspension of 8% tax on food at the earliest date possible and submit relevant legislation in the fiscal 2026 diet.
India is to reduce tariffs on cars to 40% in a trade deal with EU, according to sources cited by Reuters
Japan sells JPY 299.9bln in 5yr Climate Transition Bonds b/c 3.49 (prev. 3.98), price at highest accepted yield 99.61 (prev. 99.53), highest accepted yield 1.684% (prev. 1.098%)
Sumitomo Corp (8053 JT) is to acquire band display business from Nomura Research Institute (4307 JT)
[MARKET ANALYSIS] Asia-Pac stocks mostly declined after Trump's tariff warning against Canada and the Democrats' threat of a partial shutdown, while Japan underperforms on intervention risk
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- Allotment for Bids at the Highest Accepted Yield 24.2857% (prev. 35.6363%)
This decrease in yield may reflect a shifting investor sentiment or heightened demand for green bonds, but the lower bid-to-cover ratio highlights a potential hesitation in the market regarding these securities. Overall, this could signal a more cautious approach from investors towards fixed-income assets in Japan, which may impact future bond issuance strategies.
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