Japan’s 30-year bond sale sees weaker demand


The 30-year yield rose following the sale, and is trading 2.5 basis points up on the day at 3.865%. — Reuters

TOKYO: Japan’s 30-year government bond auction has drawn soft demand as sharp moves in the yield curve following a sell-off in artificial intelligence (AI)-related stocks damped investor risk appetite.

The bid-to-cover ratio at yesterday’s sale was 3.36, compared with 3.88 at the previous auction and a 12-month average of 3.6.

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