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📖 Day 1 · Quiz (Single Choic
The demand for Japan's two-year government bond auction has hit a new low since 2009.
Jin10 reported on August 28 that the demand for Japan's 2-year government bond auction hit the lowest level since 2009, as investors expect the Central Bank of Japan to raise interest rates soon and are thus not actively buying. The bid-to-cover ratio was 2.84, the lowest level since September 2009, compared to 4.47 in July's auction. The difference between the average price of this auction and the minimum accepted price was 0.022 (yen), while the previous auction was 0.005 (yen).