Japan’s latest 5-year government bond auction drew tepid demand, with a bid-to-cover ratio of 3.69x and the lowest accepted price missing expectations, as speculation over a Bank of Japan rate hike and yen weakness weighed on investor sentiment.
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Japan’s 5-Year JGB Auction Sees Tepid Demand—Bid-to-Cover Ratio at 3.69x

Japan’s latest 5-year government bond auction drew tepid demand, with a bid-to-cover ratio of 3.69x and the lowest accepted price missing expectations, as speculation over a Bank of Japan rate hike and yen weakness weighed on investor sentiment.

Yonhap Infomax