Japan’s 20-Year Notes May Draw Low Price of 100.65, Survey Says

Japan’s sale of 1.2 trillion yen ($12.8 billion) in 20-year bonds may have a lowest-accepted price of 100.65, according to the median forecast of 13 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.8 percent bonds ranged from 100.55 to 100.70, according to the survey.

Nine traders said 100.65, two traders said 100.55, and one each said 100.60 and 100.70.

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.

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