Japan’s 10-Year Bonds May Draw Low Price of 99.63, Survey Says

Japan’s sale of 2.4 trillion yen ($25.7 billion) in 10-year bonds may have a lowest-accepted price of 99.63, according to the median forecast of 12 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 0.6 percent bonds ranged from 99.53 to 99.66, according to the survey.

Three traders said 99.62; two each reported 99.63, 99.64 and 99.65; and one each reported 99.53, 99.58 and 99.66.

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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