Bloomberg News

Japan’s 10-Year Bonds to Draw Low Price of 100.10, Survey Says

December 01, 2011

Dec. 1 (Bloomberg) -- Japan’s sale of 2.2 trillion yen ($28.3 billion) in 10-year bonds may have a lowest-accepted price of 100.10, according to the median forecast of 14 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.1 percent bonds ranged from 100.09 to 100.12, according to the survey.

Six traders said 100.10, five said 100.09, two reported 100.11 and one trader said 100.12.

The lowest-accepted price is the minimum at which the government sells the securities. The Ministry of Finance will announce the results at 12:45 p.m. in Tokyo.

--With assistance from Hidenori Yamanaka, Yumi Ikeda and Nobuyuki Akama in Tokyo. Editors: Nate Hosoda

To contact the reporter on this story: Monami Yui in Tokyo at myui1@bloomberg.net.

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net.


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