Japan Publishes Results of Non-Price Competitive Auction II for 30-Year JGB No. 91A · FULL TRANSLATION
# Japanese Bonds# Non-price Auction# Investor Reaction
Key Points
- Ministry of Finance announces results of the 91st auction for 30-year bonds
- Auction fails to meet expected price levels
- Market watches Yen and BOJ policy next moves
Analysis
Japan's Ministry of Finance published the results of Non-Price Competitive Auction II for 30-year JGB No. 91, auctioned on August 6. Demand at the super-long end shapes the yield curve, which in turn anchors life insurers' asset allocation and fixed mortgage pricing. Refer to the ministry's announcement for figures.