Japan sales 2.2 trillion of 10 year JGBs:
- Yield 0.910%. The yield at lows accepted price 0.915%. Last auction came in at 0.768%
- Tail of 0.05 versus 0.02 previously
- bid to cover 3.62X vs 3.93X at last auction
- lowest price comes in at 98.95 versus 100.27 previously.
- Average price comes in at 99.00 versus 100.27 previously
Not a good auction.
This article was written by Greg Michalowski at www.forexlive.com.
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