Japans 20-Year Yield Holds Near Two-Week High Before Auction
Published August 28th, 2007
Japan’s 20-year bond yields held at the highest in almost two weeks before the government sells 800 billion yen ($6.9 billion) of the securities today.
Demand fell at the previous auction of the debt in July, which drew bids for 3.63 times the amount on offer compared with 3.89 times in June. The Bank of Japan will increase its target rate for overnight lending between banks based on developments in the economy, according to minutes of the monetary authority’s July meeting released today.
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