Japan’s 20-Year Bonds to Draw Low Price of 99.40, Survey Shows

Japan’s sale of 1.2 trillion yen ($14.3 billion) in 20-year bonds may have a lowest-accepted price of 99.40, according to the median forecast of 13 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.7 percent bonds ranged from 99.30 to 99.50, according to the survey. Five traders said 99.45 and three each said 99.40 and 99.35. One trader reported 99.50 and one said 99.30.

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.