(Bloomberg) -- Japanese 20-year government bonds
fell the most in a month after demand dropped at an auction of
the debt on concern the central bank will raise interest rates.
The Ministry of Finance's 800 billion yen ($6.5 billion)
sale drew bids worth 3.89 times the amount sold, compared with
4.1 times at an auction in May. The debt's 2.3 percent coupon,
the highest since October, wasn't enough given the Bank of Japan
may raise rates in coming months, said Jun Fukashiro, a fund
manager at Toyota Asset Management Co. in Tokyo.
Read more at Bloomberg Bonds News
fell the most in a month after demand dropped at an auction of
the debt on concern the central bank will raise interest rates.
The Ministry of Finance's 800 billion yen ($6.5 billion)
sale drew bids worth 3.89 times the amount sold, compared with
4.1 times at an auction in May. The debt's 2.3 percent coupon,
the highest since October, wasn't enough given the Bank of Japan
may raise rates in coming months, said Jun Fukashiro, a fund
manager at Toyota Asset Management Co. in Tokyo.
Read more at Bloomberg Bonds News
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