Bloomberg News

Japan’s 30-Year Bonds to Draw Low Price of 99.30, Survey Says

March 07, 2013

Japan’s sale of 700 billion yen ($7.34 billion) in 30-year bonds may have a lowest-accepted price of 99.30, according to the average forecast of 13 traders surveyed by Bloomberg News.

Estimates for the lowest-accepted price of the 1.8 percent bonds ranged from 99.20 to 99.40, according to the survey.

Five traders said 99.30, and two each reported 99.20, 99.25, 99.35, and 99.40.

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: Kevin Buckland in Tokyo at kbuckland1@bloomberg.net

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


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