Japan’s 20-Year Bond Sale Sees Strongest Demand Since 2020
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Japanese bonds gained after an auction of 20-year debt saw the best demand ratio in five years as higher yields attracted investors. The bid-to-cover ratio at Thursday’s saleBloomberg Terminal rose to 4.1, from 3.28 at last month’s auction. The tail, another measure of demand, was the strongest since 2023. Yields fell across tenors, with the 20-year yield dropping 4.5 basis points to 2.9%.