Japan 2-year bond auction bid to cover ratio 2.84 lowest since September 2009
Japan Sold ¥2.039 Trillion in Bonds, Yielding 0.863% on Average, Compared to 4.467X Previously, with a B/ C ratio of 2.841X, Down from 4.467X 📉🇯🇵
Japan 2-year bond auction draws weakest demand ratio since 2009 https://t.co/0MU8qXDFZI
Japan’s Ministry of Finance garnered the weakest demand for a two-year government bond sale in 16 years, underscoring investor caution ahead of potential shifts in monetary policy. Thursday’s auction drew a bid-to-cover ratio of 2.84, sharply lower than the 4.47 registered at the previous sale and the lowest since September 2009. The ministry sold ¥2.039 trillion ($13.9 billion) of notes at an average yield of 0.863%. The gap between the lowest accepted and average prices, known as the tail, was the widest since 2023, adding to evidence of soft demand.
