Demand for Japan's 30-year government bond auction exceeds the 12-month average level.

智通财经2026/10/08 04:01

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Demand for Japan’s 30-year government bond auction surpassed the average level of the past 12 months, as higher yields attracted investors. The bid-to-cover ratio for Thursday’s auction was 3.88, up from 3.79 at the previous auction and higher than the 12-month average of 3.56. Following the auction, Japanese government bond prices remained generally stable. The global bond market continues to face pressure amid inflation concerns sparked by the US-Iran conflict and worsening fiscal conditions in multiple countries. This week, yields on Japan’s 30-year government bonds reached their highest level since issuance. Tuesday’s auction for Japan’s 10-year government bonds also saw robust demand, with high yields supporting buying interest. On Wednesday, the increase in US long-term Treasury yields also narrowed, after the 10-year bond auction indicated that the decades-high interest rate levels are spurring investor demand.

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