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Japan 10-year JGB auction attracts highest demand since April 2024

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An auction of 10-year Japanese government bonds on Tuesday garnered the highest demand since April 2024.

The bid-to-cover ratio, a measure of demand that gauges the number of bids against the amount of securities on offer, rose to 3.663 from 2.544 at the prior sale in May. At the auction in April of last year, the ratio was 3.799.



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