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Demand falls in a sale of ¥1.1T ($1.3B) of 20-year Japanese government bonds, with the...

Demand falls in a sale of ¥1.1T ($1.3B) of 20-year Japanese government bonds, with the bid-to-cover ratio dropping to 3.11 from 3.67 at a previous auction last month due to investor fears about the debt-raising plans of incoming PM Shinzo Abe. "You could call today a mini-version of an 'Abe-shock,'" says bond strategist Makoto Suzuki. The average yield was 1.737%.
Comments (2)
  • Amazing that Japan is able to get even that much in the way of bids for Japanese government 20-years bonds.
    18 Dec 2012, 03:28 AM Reply Like
  • First the US..then Japan....soon there will be no indirect bidders....just the governments funding themselves....and wait until the panic selloff....then watch the crash
    18 Dec 2012, 07:00 AM Reply Like
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