Yonhap Infomax NewsJapan's 10-year government bond auction shows weakening demand with bid-to-cover ratio falling to 2.57x from previous 3.3x, as Middle East uncertainties and BOJ rate hike expectations push yields to highest levels since 1999, prompting Ministry of Finance to raise issuance rate to 2.4%
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Japan's 10-Year Bond Auction Sees Bid-to-Cover Ratio Fall to 2.57x from Previous 3.3x
Japan's 10-year government bond auction shows weakening demand with bid-to-cover ratio falling to 2.57x from previous 3.3x, as Middle East uncertainties and BOJ rate hike expectations push yields to highest levels since 1999, prompting Ministry of Finance to raise issuance rate to 2.4%