(Bloomberg) -- Japan's 10-year bonds rose after the
Ministry of Finance issued new securities at an auction of
benchmark debt today, ending speculation it would sell more of
the existing debt.
The ministry set a 1.9 percent coupon on the 1.9 trillion
yen ($15.5 billion) of new 10-year bonds after yields climbed to
their highest in almost a year last month. Brokers had asked the
government to reissue the benchmark No. 286 bond to help ease a
shortage of the debt in the repurchase market, Kazuo Katayama,
director of the ministry's finance division, said last week.
Read more at Bloomberg Bonds News
Ministry of Finance issued new securities at an auction of
benchmark debt today, ending speculation it would sell more of
the existing debt.
The ministry set a 1.9 percent coupon on the 1.9 trillion
yen ($15.5 billion) of new 10-year bonds after yields climbed to
their highest in almost a year last month. Brokers had asked the
government to reissue the benchmark No. 286 bond to help ease a
shortage of the debt in the repurchase market, Kazuo Katayama,
director of the ministry's finance division, said last week.
Read more at Bloomberg Bonds News
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