Japan’s 30-Year Bonds Fall as Fiscal Worries Weigh on Debt Sale

Japan’s 30-year bonds dropped after a debt auction drew the lowest demand since June, pointing to renewed concerns about Prime Minister Sanae Takaichi’s fiscal policy.

The 30-year yield rose four basis points to 3.17% after the average bid-to-cover ratio at Tuesday’s sale of that tenor fell to 3.12 from 3.41 at the previous offering in October. That’s also below the 12-month average.