Japan's 30-Year Bonds to Draw Low Price of 96.6, Survey of Traders Shows

Japan’s sale of 600 billion yen ($7.28 billion) in 30-year bonds may have a lowest-accepted price of 96.6, according to the median forecast of 13 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 2 percent bonds ranged from 96.75 to 96, according to the survey. Four traders said 96.6 and two each said 96.5 and 96.4. One each reported 96.75, 96.7, 96.65, 96.55, and 96.

The lowest-accepted price is the minimum at which the government sells the securities. The Ministry of Finance will announce the results at 12:45 p.m. in Tokyo.

To contact the reporter on this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net.

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

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