B · Normal
[Demand for Japan's 30-year government bond issuance is stronger than the 12-month average] September 3rd, the auction demand for Japan's 30-year government bond on Thursday was stronger than the 12-month average, and high yields supported buying activity. The auction's bid-to-bid ratio was 3.79, down from 3.86 at the previous auction but above the 12-month average of 3.52. The tail spread, which is the difference between the average winning bid price and the lowest winning bid price, was 0.28, up from 0.21 last month. Japanese government bond futures maintained gains after the auction results were announced.
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