Japan finance ministry 30 year Japanese Government Bond auction bid-to-cover ratio 2.92

  • prior sale 3.07
  • & 12-month average 3.39
  • weakest demand ratio since 2023 (in December 2023 ut was 2.615)
  • average yield 2.904%, yield at lowest accepted price 2.938%
  • auction tail at 0.49 yen versus 0.30 yen at previous auction

Not strong results in Japan. The weak demand reflects the concerns over rising yields globally, not just in Japan.

Added:

  • Yield on 20-yr JGB pares decline after auction results, last down 3.5 bps at 2.39%
  • Yield on 30-yr JGB pares decline after auction results, last down 2.5 bps at 2.92%
Kato finance minister Japan 06 February 2025 2

Finance minister Kato

Source: Forex Live