Five-Year JGB Yield Pares Gains After Auction Draws Solid Demand
Japan’s five-year bond auction had a bid-to-cover ratio of 3.56, up from 3.42 at September’s sale. The five-year JGB yield pared gains afterward.
The five-year JGB yield trimmed its gains after the Japanese finance ministry's auction of five-year sovereign notes drew solid demand today. 42 at September's five-year sale. The result provided another sign of decent appetite.