Bonds
Japan’s 30-Year Bond Sale Draws Solid Demand Despite Iran War
Japan’s 30-year government bond auction Thursday drew solid demand, underscoring resilient investor appetite even as tensions in the Middle East cloud the macro outlook.
The bid-to-cover ratio was 3.66, compared with 3.64 at the previous sale and a 12-month average of 3.34. Bond futures maintained their losses after the auction.