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

|By:, SA News Editor

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%.