Japan 10-year JGB auction attracts highest demand since April 2024
An auction of Japanese government bonds saw strong demand. The 10-year bonds attracted significant interest from investors. The bid-to-cover ratio reached its highest point since April 2024. This indicates a substantial increase in demand compared...
By Reuters | Updated:
AP
An auction of 10-year Japanese government bonds on Tuesday garnered the highest demand since April 2024.
The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer, rose to 3.663 from 2.544 at the prior sale in May. At the auction in April of last year, the ratio was 3.799.
The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer, rose to 3.663 from 2.544 at the prior sale in May. At the auction in April of last year, the ratio was 3.799.
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