Japan sells 13-week bills at 1.2762% yield in routine auction
Japan's Finance Ministry sold 2.547 trillion yen of 13-week T-bills at a lowest yield of 1.2762%, with a bid-to-cover ratio of 3.84.
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what happened
Japan's Ministry of Finance on Friday auctioned 2.547 trillion yen of 13-week discount treasury bills, according to Dow Jones Newswires, which reported the figures from the ministry's data.
The lowest accepted price was 99.6585, equal to a yield of 1.2762%. The average price stood at 99.6607, with a yield of 1.2680%. Total bids reached 9.771 trillion yen, giving a bid-to-cover ratio of 3.84.
Issue No. 141 settles on October 26, 2026 and matures on February 1, 2027. Bidders at the lowest price were able to buy 67.7052% of the planned amount.
why it matters
Short-dated Japanese bills serve as a reference for money-market rates and show how investors price very short government debt. A strong bid-to-cover ratio points to solid demand, though a routine auction like this rarely moves the yen on its own.
tags
instruments
sources
- Japan 13-Wk TD-Bill 99.6585 Lowest Price To Yld 1.2762% — Dow Jones Newswires, 23 October 2026 at 03:30 UTC
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