Japan 10-year JGB auction average yield at 0.768%, yield at lowest accepted price 0.770%

TOKYO: A 10-year Japanese government bond auction on Tuesday had an average yield at 0.768%, while the yield at the lowest accepted price was 0.770%.

The bid-to-cover ratio was 3.93. Another measure of demand called the tail was 0.02 yen, compared to 0.10 yen at the previous 10-year note auction last month.

Bank of Japan steps in market as JGB yields hit multi-year high

The 10-year JGB yield declined further following the result, and was last down 1.5 basis points at 0.755%. It had earlier risen to a decade-high of 0.78%.