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اقتصاد سكاي نيوز عربية
Record-high demand for 20-year Japanese bonds
The Japanese 20-year bond auction set a record-high demand, with a bid-to-cover ratio of 5.84 times, the highest ever, reflecting increasing local investor appetite for bonds amid rising yields to enticing levels. The bond yield fell to 3.71% after the results were announced, indicating improved demand driven by higher interest rates and reduced financial concerns, with life insurance companies increasing their purchases since June. The auction serves as an indicator of stability in the Japanese bond market and growing foreign investor interest, especially as markets await the Bank of Japan's upcoming meeting, where it is expected that interest rates will remain unchanged, while investors watch for statements from the governor regarding future monetary tightening.
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