Japan sells JPY 1.75 trillion of 5year JGBs at a average yield of 0.706% (vs 0.562% last)

Japan sold JPY 1.75 trillion of 5-year JGBs

• Yield 0.706% versus 0.562% last month
• Bid to cover: 3.81X vs 3.73X last month
• Tail in price 0.02 vs prev 0.03

A mixed auction result, but not bad.

This article was written by Greg Michalowski at www.forexlive.com.