Japan's 30-Year Bond Auction Sees Bidding Multiple Surge to 4.55, Strongest Demand Since May 2019

Japan's 30-year government bond auction received a bidding multiple of 4.55, up sharply from 2.94 in June's auction. The demand marks the strongest level for 30-year JGBs since May 2019, signaling renewed appetite for longer-duration Japanese debt instruments.
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