Japan 10 year JGB auction average yield of 0.910%

<p>Japan sales 2.2 trillion of 10 year JGBs:</p><ul><li>Yield 0.910%. The yield at lows accepted price 0.915%. Last auction came in at 0.768%</li><li>Tail of 0.05 versus 0.02 previously</li><li>bid to cover 3.62X vs 3.93X at last auction</li><li>lowest price comes in at 98.95 versus 100.27 previously. </li><li>Average price comes in at 99.00 versus 100.27 previously</li></ul><p>Not a good auction.</p>

This article was written by Greg Michalowski at www.forexlive.com.