Japan’s 30-Year Bonds to Draw Low Price of 99.30, Survey Says

Japan’s sale of 700 billion yen ($8.5 billion) in 30-year bonds may have a lowest-accepted price of 99.30, according to the average forecast of 15 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.9 percent bonds ranged from 99.20 to 99.35, according to the survey.

Nine traders said 99.30, three reported 99.20, two said 99.25, and one said 99.35.

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: Mariko Ishikawa in Tokyo at mishikawa9@bloomberg.net;

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

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