Japan's 20-Year Bond Auction Demand Ratio Below 12-Month Average
Japan's 20-year bond sale saw demand that was slightly lower than its average over the past year after the government adjusted its borrowing plans to calm a surge in yields.
The bid-to-cover ratio - a key gauge of investor interest - at the Ministry of Finance's sale of the debt was 3.11. It's stronger than the last two auctions, and compares with a 12-month average of 3.31. The previous auction in May got the weakest demand in more than a decade.
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