-
Demand for Japan’s Faltering Bonds to Be Tested in Key Auctions
The Japanese government will test demand in the bond market with auctions in key 10-year and 30-year maturities this week after investors baulked at the yields on offer in sales last month. The Ministry of Finance will sell ¥2.7 trillion ($18.4 billion) of 10-year notes on Tuesday and ¥900 billion of 30-year securities on Thursday. The debt offerings come as investors watch how much the Bank of Japan is willing to let benchmark yields rise after tweaking its yield curve control program in late July. Traders are looking for signs that domestic yields are not yet high enough to prompt Japanese investors to load up at ... (full story)