Japan 10-year govt bond auction lowest accepted bid 100.27 yen; yield 1.668 pct
Published March 1st, 2007
The lowest accepted price at today’s auction of 1.9 trln yen-worth of 10-year Japanese government bonds was 100.27 yen, giving a yield of 1.668 pct, the Ministry of Finance said.
Of the successful bids, 32.6747 pct were made at the lowest price, while the average bid was 100.29 yen, giving a yield of 1.6666 pct, the ministry said.
Designated as the No 285 issue, the bonds will be issued on March 20 and will mature on March 20, 2017, the ministry said.
The ministry received 6.7038 trln yen in competitive bids and accepted 1.7165 trln yen-worth, giving a bid-to-cover ratio of 3.905 to one. This means the amount of competitive bids received was 3.905 times the amount of bonds offered for sale.
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