Japan’s 20-Year Bonds to Draw Low Price of 100.20, Survey Says
Japan’s sale of 1.2 trillion yen ($15 billion) in 20-year bonds may have a lowest-accepted price of 100.20, according to the median forecast of 14 traders surveyed by Bloomberg News.
Estimates for the lowest-accepted price of the 1.7 percent debt ranged from 100.20 to 100.15, according to the survey. Eight traders said 100.20, and six reported 100.15.
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 Singapore at firstname.lastname@example.org
To contact the editor responsible for this story: Rocky Swift at email@example.com