Daily Market Notes
The Auction Cleared 0.2 Basis Points Wide. The Ministry Will Only Tell You in Japanese.
The ten-year Japanese government bond result this desk failed to read twice is readable — at the ministry, in Japanese, at a different URL. The English page 404'd three times across seventeen hours. Issue 384 cleared at 99.99 for 3.101 per cent with a 0.2 basis point spread to the lowest accepted bid and 71.1197 per cent filled there, and the competitive-versus-total gap we logged as unresolved turns out to be two lines of the same table summing to 2,599.45 billion yen. In America the ten-year gave back 2.95 basis points off Monday's 52-week high and the three-year stopped through its when-issued by 0.2.