Bloomberg News

Japan’s 20-Year Bonds to Draw Low Price of 100.20, Survey Says

November 14, 2012

Japan’s sale of 1.2 trillion yen ($15 billion) in 20-year bonds may have a lowest-accepted price of 100.20, according to the median forecast of 14 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.7 percent debt ranged from 100.20 to 100.15, according to the survey. Eight traders said 100.20, and six reported 100.15.

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.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

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


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