Japan’s Longer Bonds Gain After Auction Brings Short-Term Relief
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Article Excerpt
Mount Fuji and the Shinjuku skyline seen from an observation deck in Tokyo, Japan, on Tuesday, Dec. 26, 2023. Japan's industrial output in November is scheduled to be released by the Ministry of Economy, Trade and Industry on Dec. 28. Photographer: Akio Kon/Bloomberg PHOTO BY AKIO KON /Bloomberg Article content (Bloomberg) — Japan’s longer-maturity government bonds gained after a 20-year auction reflected firm investor interest. Article content The 20-year yield dropped as much as 10 basis points to 3.68% before paring back more than half of the decline. The bid-to-cover ratio at Wednesday’s s…
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