๐๐ฏ๐ต Japanese Bonds Show Resilience Amid Global Yield Jitters ๐
Japanโs 30-year government bond auction dodged market risks with a bid-to-cover ratio of 3.58, up from 2.92 in June โ signaling stronger demand, despite a lower-than-expected bid price.
๐น Yield Accepted: 0.31% vs 0.49% prior
๐น Yields rose: 30Y โ 2.965% | 40Y โ 3.14%
๐น MOF to cut super-long bond issuance by ยฅ3.2T
๐น BOJ exits credit acquisitions
๐น Fiscal anxiety lingers, ahead of July national elections
๐ฌ Strategists are split โ while the auction shows cautious optimism, uncertainty around PM Ishibaโs expansive fiscal plans and upper house election outcomes could tilt the outlook sharply.
๐ณ๏ธ One quadrillion yen economy? Higher public wages? Japanโs fiscal future could be on the ballot.
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