Japan 30-yr govt bond auction lowest accepted price 100.15 yen; yield 2.491 pct |
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Tue, 16 Oct 2007 05:47
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TOKYO (Thomson Financial) - The lowest accepted price at Tuesday's auction of 600 billion yen-worth of 30-year Japanese government bonds was 100.15 yen, giving a yield of 2.491 percent, the Ministry of Finance said.Of the successful bids, 62.5524 percent were made at the lowest price, the ministry said. The average bid was 100.19 yen, giving a yield of 2.488 percent.The bonds carry a coupon of 2.5 percent.Designated as the No. 27 issue, the bonds to be auctioned today will be issued on October 22 and will mature on September 20, 2037.The ministry received 2.0591 trillion yen in competitive bids, of which it accepted 546.2 billion yen worth, giving a bid-to-cover ratio of 3.77 to one. This means the amount of competitive bids received was 3.77 times the amount of bonds offered for sale.At the last auction of 30-year paper in July, the lowest accepted price was 96.80 yen, giving a yield of 2.590 percent, with a bid-to-cover ratio of 3.20 to one.(1 US dollar = 117.40 yen)kaori.kaneko@thomson.com-kk/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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