JGB 5-yr auction draws record demand on policy expectations

TOKYO Tue Oct 16, 2012 12:18am EDT

Related Topics

TOKYO Oct 16 (Reuters) - The Japanese Ministry of Finance's auction of five-year Japanese government bonds attracted record demand on Tuesday on investor expectations for further Bank of Japan monetary easing.

The sale drew bids of 5.51 times the amount offered, the highest ratio since the maturity was introduced in February 2000.

The auction's tail between the average and lowest accepted prices fell to zero from 0.01 at last month's offering, indicating strong demand.

In cash bond trading, the 5-year JGB yield was flat at 0.195 percent.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.