Monitor JN 10-y Bond Auction results for insights into future interest rates and investor confidence.
Yields are determined by bond market participants, making them useful for interpreting their expectations regarding future interest rates. The bid-to-cover ratio indicates liquidity and demand in the bond market, serving as a measure of investor confidence. Auction results are displayed in an 'X.XX|X.X' format, where the first number represents the average interest rate of the bonds sold, and the second denotes the ratio of bids received to bids accepted.
What it Measures
Average yield on 10-year government bonds sold at auction and the corresponding bid-to-cover ratio.
Usual Effect
The effects are not consistent, reflecting both risk and growth factors.
Source & Frequency
Ministry of Finance (latest release) - https://www.mof.go.jp/english/index.htm • Auctions are held on a monthly basis.
How Data is Derived
N/A
Also Known As
JGB Auction
Acronym
Japanese Government Bond (JGB)