Okay, here is a detailed article based on the information published by the Japanese Ministry of Finance (MOF) regarding the 30-year JGB auction held on May 13, 2025.
MOF Publishes Results for 30-Year JGB Auction on May 13, 2025: Key Figures Revealed
TOKYO – May 13, 2025 – The Japanese Ministry of Finance (MOF) today released the official results for its auction of the 86th issue of 30-year interest-bearing Japanese Government Bonds (JGBs). The results were published on the MOF’s website at 3:35 AM Japan Standard Time (JST) on Tuesday, May 13, 2025.
These long-term government bond auctions are closely watched by market participants as they provide key insights into investor demand for Japanese debt and help set benchmarks for long-term interest rates in the economy.
Here are the key figures from the auction results as released by the MOF:
- Auction Date: May 13, 2025
- Bond Type: 30-year Interest-Bearing JGB (86th Issue)
- Publication Time: 3:35 AM JST, May 13, 2025
- Source: Japanese Ministry of Finance (MOF)
Auction Results Summary:
- Planned Issuance Amount: The MOF had planned to issue a specific amount of these 30-year bonds. (Note: The specific planned amount will be listed in the source data, typically in billions or trillions of JPY).
- Total Bid Amount: The total value of bids submitted by market participants (banks, securities firms, institutional investors, etc.) was recorded. (Note: This figure will be listed in the source data).
- Bid-to-Cover Ratio: This is a crucial metric indicating demand. It is calculated by dividing the total bid amount by the planned issuance amount. A higher ratio generally suggests stronger demand. The ratio for this auction was (Note: Calculate or state the ratio from the source data. For example, “X.XX times”).
- Successful Bid Amount (Amount Accepted): The total value of bids that were accepted by the MOF. This is usually equal to the planned issuance amount, sometimes slightly adjusted. (Note: This figure will be listed in the source data).
- Average Successful Bid Yield: This is the weighted average yield at which the bonds were sold to successful bidders. This yield becomes a benchmark for long-term rates. The average successful bid yield was (Note: State the percentage from the source data. For example, “X.XXX%”).
- Highest Successful Bid Yield: This is the highest yield at which any bids were accepted. The difference between the average and highest accepted yield can also provide insights into the distribution of bids. The highest accepted yield was (Note: State the percentage from the source data. For example, “X.XXX%”).
- Average Successful Bid Price: Corresponding to the average yield, this is the weighted average price at which the bonds were sold. Price and yield move inversely. (Note: State the price from the source data. For example, “XXX.XX JPY”).
- Lowest Successful Bid Price: This is the lowest price at which any bids were accepted. (Note: State the price from the source data. For example, “XXX.XX JPY”).
- Tail: The “tail” refers to the difference between the average accepted price/yield and the lowest accepted price (or highest accepted yield). In price terms, a larger tail means the lowest accepted bids were at significantly lower prices (higher yields) than the average, which can sometimes indicate slightly weaker or more dispersed demand. The price tail for this auction was (Note: State the price difference or use the figure provided as ‘Tail’ in the source data. For example, “X.XX JPY”).
Interpretation:
Market analysts will now dissect these figures to gauge the health of demand for Japan’s long-term debt. The bid-to-cover ratio provides a headline figure for overall interest. The level of the average accepted yield will be compared to market expectations leading up to the auction and potentially to yields on existing JGBs of similar maturity. The tail provides nuance – a tight tail suggests most successful bids were clustered near the average price/yield, while a wider tail might indicate more diverse views among bidders or less aggressive bidding at the best prices.
The successful conclusion of this auction means the MOF has secured a significant portion of its funding needs through the issuance of long-term debt, contributing to the government’s overall fiscal management.
These results are a key data point for investors, economists, and policymakers tracking developments in the Japanese financial markets and the country’s fiscal situation.
(Please note: To make this article complete with the specific numbers, you would need to extract the figures for “Planned Issuance Amount,” “Total Bid Amount,” “Bid-to-Cover Ratio,” “Successful Bid Amount,” “Average Successful Bid Yield,” “Highest Successful Bid Yield,” “Average Successful Bid Price,” “Lowest Successful Bid Price,” and “Tail” directly from the provided MOF web page for the May 13, 2025 auction results.)
30年利付国債（第86回）の入札結果（令和7年5月13日入札）
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The following question was used to generate the response from Google Gemini:
At 2025-05-13 03:35, ’30年利付国債（第86回）の入札結果（令和7年5月13日入札）’ was published according to 財務省. Please write a detailed article with related information in an easy-to-understand manner. Please answer in English.
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