Japan JPY

Japan 30-Year JGB Auction

Impact:
Low

Latest Release:

Date:
Actual:
2.941%
Forecast:
Previous/Revision:
2.414%
Period:

Next Release:

Date:
Period:
What Does It Measure?
The Japan 30-Year JGB Auction measures the demand for long-term Japanese government bonds issued with a maturity of 30 years, focusing on the interest rate levels and investor appetite for government debt. This auction evaluates key components such as the accepted bids, bid-to-cover ratio, and the yields determined, which serve as indicators of investor confidence and expectations regarding long-term economic conditions.
Frequency
The 30-Year JGB Auction is typically held on a regular schedule, approximately once every three months, and the results are released shortly after the auction concludes.
Why Do Traders Care?
Traders closely monitor the 30-Year JGB Auction as it provides insights into interest rate trends and investor sentiment towards government debt, influencing market perceptions of Japan's fiscal stability. The outcomes can affect the value of the Japanese yen, stocks, and bond yields, as strong demand may signal confidence in economic growth, while weak demand could indicate concerns about fiscal policy or economic health.
What Is It Derived From?
The auction results are derived from bids submitted by institutional investors, including banks, insurance companies, and pension funds, reflecting both competitive and non-competitive submissions. The auction's yield is determined by the equilibrium price that maximizes the number of bids accepted, highlighting market demand and risk perceptions for long-term borrowing.
Description
The 30-Year JGB Auction has both preliminary and final reports, where the preliminary data reflects initial results based on early bids and may undergo revisions, while the final data provides a definitive confirmation of auction results, typically released a day later. This auction employs a bid-to-cover ratio that indicates the total bids received against the amount offered, with higher ratios suggesting greater demand.
Additional Notes
The 30-Year JGB Auction serves as a leading indicator of long-term interest rates and is closely watched in comparison to other maturities, including short-term JGB issuances. Its outcomes can signal broader economic trends, influencing market expectations not only in Japan but also in other regions connected through international bond markets.
Bullish or Bearish for Currency and Stocks
Higher than expected demand with a low yield: Bullish for Yen, Bullish for Stocks. Lower than expected demand or higher yield: Bearish for Yen, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.941%
2.414%
2.414%
2.5%
2.5%
2.29%
2.29%
2.304%
2.304%
2.287%
2.287%
2.271%
2.271%
2.152%
2.152%
2.043%
2.043%
2.23%
2.23%
2.19%
2.19%
2.156%
2.156%
1.992%
1.992%
1.808%
1.808%
1.77%
1.791%
1.629%
1.629%
1.623%
1.623%
1.741%
1.741%
1.691%
1.691%
1.64%
1.64%
1.593%
1.593%
1.222%
1.222%
1.257%
1.257%
1.252%
1.252%
1.353%
1.353%
1.416%
1.416%
1.543%
1.543%
1.649%
1.649%
1.481%
1.481%
1.561%
1.561%
1.48%
1.48%
1.235%
1.235%
1.119%
1.119%
1.234%
1.234%
1.049%
1.049%
1.015%
1.015%
0.989%
0.989%
0.893%
0.893%
0.788%
0.788%
0.719%
0.719%
0.673%
0.673%
0.683%
0.68%
0.702%
0.702%
0.653%
0.653%
0.647%
0.647%
0.68%
0.68%
0.693%
0.693%
0.645%
0.645%
0.691%
0.691%
0.691%
0.691%
0.662%
0.662%
0.648%
0.648%
0.648%
0.648%
0.643%
0.643%
0.638%
0.638%
0.611%
0.611%
0.617%
0.617%
0.612%
0.612%
0.529%
0.529%
0.449%
0.449%
0.43%
0.43%
0.34%
0.34%
0.43%
0.43%
0.43%
0.43%
0.43%
0.43%
0.46%
0.46%
0.38%
0.38%
0.14%
0.14%
0.29%
0.29%
0.36%
0.36%
0.32%
0.32%
0.53%
0.53%
0.54%
0.54%
0.62%
0.62%
0.59%
0.59%
0.72%
0.715%
0.794%
0.794%
0.87%
0.84%
0.85%
0.85%
0.704%
0.704%
0.71%
0.82%
0.832%
0.832%
0.848%
0.848%
0.789%
0.789%
0.881%
0.881%
0.832%
0.832%
0.876%
0.876%
0.878%
0.878%
0.817%
0.817%
0.819%
0.819%
0.795%
0.795%
0.821%
0.821%
0.907%
0.907%
0.745%
0.745%
0.617%
0.617%
0.511%
0.511%
0.514%
0.5%
0.424%
0.424%
0.12%
0.319%
0.388%
0.388%
0.765%
1.224%
1.397%
1.397%
1.412%
1.412%
1.444%