(Bloomberg) -- Japanese 20-year bonds fell, poised
for their biggest decline in a month, after demand dropped at an
auction of the government debt.
The Ministry of Finance's sale of 800 billion yen ($6.5
billion) of 20-year bonds drew bids worth 3.89 times the amount
sold, compared with 4.1 times at the auction in May. The debt's
2.3 percent coupon, the highest since October, wasn't enough given
that the Bank of Japan may raise interest rates in coming months,
said Jun Fukashiro at Toyota Asset Management Co. in Tokyo.
Read more at Bloomberg Bonds News
for their biggest decline in a month, after demand dropped at an
auction of the government debt.
The Ministry of Finance's sale of 800 billion yen ($6.5
billion) of 20-year bonds drew bids worth 3.89 times the amount
sold, compared with 4.1 times at the auction in May. The debt's
2.3 percent coupon, the highest since October, wasn't enough given
that the Bank of Japan may raise interest rates in coming months,
said Jun Fukashiro at Toyota Asset Management Co. in Tokyo.
Read more at Bloomberg Bonds News
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