Japan 30-Year Bond Sale Sees Tepid Demand Ahead of Iran Deadline

Japan’s auction of 30-year notes saw muted demand as investors stayed cautious amid uncertainty about Middle East tensions.

The bid-to-cover ratio at Tuesday’s sale was 3.12 compared with 3.66 at the last auction and a 12-month average of 3.36. It was the weakest figure since June. Bond yields edged lower after the auction on relief there were no major disruptions.