Latest news with #JapanAuction
Bloomberg
4 days ago
- Business
- Bloomberg
Japan's 20-Year Bond Sale Demand Lower Than 12-Month Average
Demand at Japan's 20-year government bond auction was lower than the average over the past 12 months, as an upcoming election highlights the likelihood that the nation's sovereign debt will keep rising. The average bid-to-cover ratio was 3.15, compared to the 12-month average of 3.29. The ratio was 3.11 for the last auction. In another sign of lackluster investor demand, the tail, or gap between average and lowest-accepted prices, was 0.18, compared with 0.28 at the previous sale.
Bloomberg
01-07-2025
- Business
- Bloomberg
Japan 10-Year Bond Sale Sees Higher Demand Than 12-Month Average
Demand at Japan's auction of 10-year government bonds was stronger than the 12-month average, as expectations for rate hikes by the central bank recede and upward pressure on longer-maturity yields eases. The bid-to-cover ratio was at 3.51, compared with 3.66 at the previous auction last month and higher than the 12-month average of 3.14. In another sign of firm demand, the tail, or gap between average and lowest-accepted prices, came in at 0.03, compared with 0.01 at the previous sale.
