Demand at Japan’s 30-year government bond auction hits highest level since 2019 as rate hike expectations continue to rise.
Despite ongoing concerns about Japan’s fiscal situation, high yields have attracted investors, and the auction for Japan’s 30-year government bonds saw the strongest demand since 2019. On Thursday, the auction results for Japan’s 30-year long bonds showed a bid-to-cover ratio of 4.04, well above November’s