Japan Bonds See Demand In Line With Average Amid Multi-Decade High Yields on Fiscal Concerns

Overview

Japan's 20-year government bond auction attracted demand matching its 12-month average, despite yields reaching multi-decade highs. This comes as investors await Prime Minister Sanae Takaichi's economic package, with concerns about potential increased debt issuance influencing market sentiment. Yields hit a fresh 1999 high of 2.815% before settling slightly lower post-auction.