The 10-year JGB auction to be held by the Ministry of Finance on the 1st will test investor demand as the yield on the newly issued 10-year JGB is expected to rise close to 3%. Expectations for a BOJ rate hike are behind the move.
The Ministry of Finance will hold a 10-year JGB auction on the 1st.
With the yield on the newly issued 10-year JGB approaching 3%, the auction will provide an opportunity to gauge investor demand. Expectations for a BOJ rate hike have emerged as a factor.