BigBreakingWire
$USDJPY || Japan's Ministry of Finance set the 10-year JGB coupon at 3.1%, the highest since August 1996. This is the first time the rate has crossed 3% in 30 years. Secondary-market yields are rising due to global government-debt concerns. The MOF adjusts this coupon quarterly, previously setting it at 2.7% for Jul–Sep and 2.4% for Apr–Jun, aiming to keep it near market yields. In Tuesday's auction, the bid-cover ratio rose to 3.76 from 3.29, and the highest accepted price hit a 30-year peak.
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