Demand for Japanese 20-year treasury bonds auctions was stronger than the 12-month average on Tuesday, and high yields supported buying. The bid multiplier for this offering was 4.52, up from the previous 2.97 and the average value of 3.54 over the past 12 months. Another indicator reflecting strong investor interest is the difference between the average winning bid price and the lowest bid price. This time it was 0.00, compared to 0.24 last month, which is the same as the record low set in 2010. After the 20-year treasury bond auction, the increase in Japanese treasury bond futures increased. Japan's Finance Minister Katayama Satsuki called on the country's government pension investment fund to increase investment in domestic assets on Friday, and the yield on Japanese treasury bonds declined somewhat. However, a subsequent media report moderated this expectation, saying that the government has no plans to comprehensively reform GPIF's asset allocation.

Zhitongcaijing · 2d ago
Demand for Japanese 20-year treasury bonds auctions was stronger than the 12-month average on Tuesday, and high yields supported buying. The bid multiplier for this offering was 4.52, up from the previous 2.97 and the average value of 3.54 over the past 12 months. Another indicator reflecting strong investor interest is the difference between the average winning bid price and the lowest bid price. This time it was 0.00, compared to 0.24 last month, which is the same as the record low set in 2010. After the 20-year treasury bond auction, the increase in Japanese treasury bond futures increased. Japan's Finance Minister Katayama Satsuki called on the country's government pension investment fund to increase investment in domestic assets on Friday, and the yield on Japanese treasury bonds declined somewhat. However, a subsequent media report moderated this expectation, saying that the government has no plans to comprehensively reform GPIF's asset allocation.