Japan’s second poorly received debt auction this week pushed down the country’s bonds and added to signs of concerns about fiscal spending that are rippling across major markets.
The auction of 10-year notes by the finance ministry saw the bid-to-cover ratioBloomberg Terminal drop from last month in a show of weak demand, while the gap between the average and lowest-accepted prices — known as the tail — widened to the most since March. The benchmark yield closed one basis point higher at 1.66%.
AloJapan.com