Japan's 30-Year Bond Auction Results

Japan's Ministry of Finance (MOF) successfully auctioned ¥530.6 billion in 30-year bonds, achieving an average yield of 3.264%, as confirmed by the official results released on Thursday.

Bid-to-Cover Ratio and Market Performance

The bid-to-cover ratio for the auction was 3.31, which slightly trailed behind the 12-month average, indicating a marginally lower demand compared to recent trends.

Following the auction, the return on the 30-year bond decreased by 2.2 basis points, settling at 3.267% as of 5:43 am CET, reflecting ongoing market adjustments.