Japan’s 30-Year Bonds to Draw Low Price of 99.30, Survey SaysKevin Buckland
Japan’s sale of 700 billion yen ($7.34 billion) in 30-year bonds may have a lowest-accepted price of 99.30, according to the average forecast of 13 traders surveyed by Bloomberg News.
Estimates for the lowest-accepted price of the 1.8 percent bonds ranged from 99.20 to 99.40, according to the survey.
Five traders said 99.30, and two each reported 99.20, 99.25, 99.35, and 99.40.
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.