Japan sells JPY 524.9bln 30-yr JGBs; b/c 3.14x (prev. 4.04x), and average yield 3.447% (prev. 3.427%)
Newsquawk Staff ·
- Lowest accepted price 99.15 vs prev. 96.55
- Average accepted price 99.30 vs prev. 96.64
- Tail in price 0.15 vs prev. 0.09
What it means
Japan's recent auction of 30-year JGBs had a bid-to-cover ratio that dropped significantly from the previous auction, indicating weaker demand. With the average yield slightly increasing, this suggests a market adjusting to potential rate shifts, which could influence future issuance and investor appetite across the fixed-income landscape.
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