31 January 2002, 13:16 Good Demand At Japan Two-year Sale
An auction of Y1.4 trillion 0.1% coupon two-year Japanese Government Bonds by the Ministry of Finance produced a lowest accepted yield of 0.064%, with 19.391% of bids
at that level accepted, the ministry said Thursday. The yield at the
average price was 0.059%. The bid-to-cover ratio was 3.57 times. The
ministry said bonds would be issued on February 20, with the maturity
date February 20, 2004.
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