Japan sells 2-year bonds worth 2.118 trillion yen at 1.912% yield
Japan's Ministry of Finance held a 2-year bond auction with a 1.9% coupon. Bids were about four times the amount sold, with a 1.912% yield at the lowest price.
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what happened
The Japanese Ministry of Finance reported on Thursday that it sold 2-year bonds with a 1.9% coupon for 2.118 trillion yen. The lowest accepted price was 99.98, which corresponds to a yield of 1.912%.
Demand clearly outstripped supply, with total bids reaching 8.539 trillion yen and a bid-to-cover ratio of 4.03. The average price was 99.99, and the average yield was 1.905%. Issue No. 49 matures on November 1, 2028, and settles on November 2, 2026.
why it matters
A bid-to-cover ratio above 4 shows that investors are readily buying short-dated Japanese government debt. Results like these help market participants gauge expectations for Japanese interest rates and their possible effect on the yen.
tags
instruments
sources
- Japan 2-Yr: 1.9% Cpn At 99.98 Lowest Price To Yld 1.912% — Dow Jones Newswires, 29 October 2026 at 03:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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