LOCKED Japan Update: Weak 5-Year JGB Auction on Rate Hike Fears

Weak 5-Year JGB Auction on Rate Hike Fears The Ministry of Finance (MoF) held its regular monthly auction of 5-year JGBs on Wednesday. Demand for the new 5-year issue was weak, with the bid-to-cover ratio at only 2.96 times, the lowest since the March 2020 auction, and the tail of ¥0.03, up from the ¥0.02 […]

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