(Bloomberg) -- Japan's 10-year bonds rose after the
Ministry of Finance set the highest coupon since August at an
auction of benchmark debt today, ending speculation that the
government would reissue securities with a lower payout.
The ministry set a 1.9 percent coupon on 1.9 trillion yen
($15.5 billion) of the new securities after yields climbed to
their highest in almost a year last month. Brokers had asked the
government to reissue the benchmark No. 286 bond to help ease a
shortage of the debt in the repurchase market, Kazuo Katayama,
director of the ministry's finance division, said last week.
Read more at Bloomberg Bonds News
Ministry of Finance set the highest coupon since August at an
auction of benchmark debt today, ending speculation that the
government would reissue securities with a lower payout.
The ministry set a 1.9 percent coupon on 1.9 trillion yen
($15.5 billion) of the new securities after yields climbed to
their highest in almost a year last month. Brokers had asked the
government to reissue the benchmark No. 286 bond to help ease a
shortage of the debt in the repurchase market, Kazuo Katayama,
director of the ministry's finance division, said last week.
Read more at Bloomberg Bonds News
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