Japan 5-year JGB auction sees steady demand, bid-to-cover at 3.10
Japan’s 5-year JGB auction drew steady demand with a 3.10 bid-to-cover ratio and a modestly tighter tail, though participation was slightly softer compared with stronger sales last year. Japan sold ¥1.89 trillion of 5-year JGBs with a bid-to-cover ratio of 3.10 (vs 3.08 prior). Stop rate (highest accepted yield) came in at 1.646%, average yield […]

















