Japan 20-year JGB auction bid-to-cover 4.00, highest since May 2020
Japanese government bonds see strong investor interest. An auction of 20-year JGBs witnessed robust demand. The bid-to-cover ratio reached 4.00. This is the highest level since May 2020. The previous auction in August saw a ratio of 3.09. This ind...
By Reuters |
Reuters
An auction of 20-year Japanese government bonds (JGBs) on Wednesday drew the highest demand since May 2020.
A measure of demand called the bid-to-cover ratio - which measures the amount of bids against the amount of bonds on offer - rose to 4.00 in the latest sale, from 3.09 at the prior auction in August.
A measure of demand called the bid-to-cover ratio - which measures the amount of bids against the amount of bonds on offer - rose to 4.00 in the latest sale, from 3.09 at the prior auction in August.
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