Japan sells JPY 1.75 trillion of 5year JGBs at a average yield of 0.706% (vs 0.562% last)

Japan sold JPY 1.75 trillion of 5-year JGBs

Yield 0.706% versus 0.562% last monthBid to cover: 3.81X vs 3.73X last monthTail in price 0.02 vs prev 0.03

A mixed auction result, but not bad.

This article was written by Greg Michalowski at www.forexlive.com.