After Strong 10-Year Auction, Rising US Rates Hit JGBs The Ministry of Finance (MoF) held its monthly auction of 10-year JGBs on Tuesday. Demand for the new 10-year bond was very strong despite the fact that the lowest accepted price resulted in the lowest auction yield since the July 5, 2016 auction (negative 0.240%). The bid-to-cover ratio was 5.07 times, the highest since the February 5, […]
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