Japan 10-year govt bond auction lowest accepted bid 100.35 yen; yield 1.658 pct
Published April 3rd, 2007
The lowest accepted price at today’s auction of 1.9 trln yen-worth of 10-year Japanese government bonds was 100.35 yen, giving a yield of 1.658 pct, the Ministry of Finance said.
Of the successful bids, 5.4411 pct were made at the lowest price, while the average bid was 100.37 yen, giving a yield of 1.656 pct, the ministry said.
Designated as the No 285 issue, the bonds will be issued on April 20 and will mature on March 20, 2017, the ministry said.
The ministry received 5.3774 trln yen in competitive bids and accepted 1.7185 trln yen-worth, giving a bid-to-cover ratio of 3.129 to one. This means the amount of competitive bids received was 3.129 times the amount of bonds offered for sale.
At the previous auction of 10-year debt, on March 1, the lowest accepted price was 100.27 yen, giving a yield of 1.668 pct, with a bid-to-cover ratio of 3.905 to one.
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