The initial interest rate and fixed rates on the September offerings of Japanese government bonds for individuals reach record highs. The offering period is 3 to 30 September, with an initial interest rate of 1.95% for the 10-year floating-rate bonds, 1.96% for the 3-year fixed-rate bonds and 2.24% for the 5-year fixed-rate bonds.
Terms for the Japanese government bonds for individuals offered in September have been announced, with the offering period set for 3 to 30 September. Based on the results of the auction of 10-year Japanese government bonds, the initial interest rate for the 10-year floating-rate bonds was set at 1.95% before tax. This exceeds the 1.87% offered in August, making it a record-high interest rate.
The interest rate for the 3-year fixed-rate bonds is 1.96%, while that for the 5-year fixed-rate bonds is 2.24%. Both exceed the levels offered in August and set new record highs. The rate on the 5-year fixed-rate bonds has been raised to above 2.0%.