大选前夕的“及时雨”！日本30年期国债拍卖需求强劲 缓解市场抛售压力

Group 1 - Strong demand for Japan's 30-year government bonds led to a price increase, alleviating concerns over the upcoming Senate election [1] - The bid-to-cover ratio for the recent bond auction rose to 3.64, above the previous auction's 3.14 and the 12-month average of 3.35 [1] - Long-term bonds, including the 40-year bonds, saw significant buying support, with the 40-year yield dropping by 9.5 basis points to 3.845% [1] Group 2 - Investors are expected to return to the long-term Japanese bond market after the upcoming early election, with a 10-year yield of 2.5% seen as a buying trigger [2] - The recent auction tested investor demand for long-term bonds amid concerns over fiscal spending, with the 10-year yield currently around 2.25% [2] Group 3 - Prime Minister Suga's proposal to lower food consumption tax caused a spike in bond yields to historical highs, impacting global bond markets [3] - Public support for Suga remains strong, and the ruling party is expected to secure an absolute majority in the election, which may stabilize market conditions [3] - The strong demand for the 30-year bond auction exceeded the average level for 1-year bonds, boosting market confidence [3] Group 4 - Concerns over yen depreciation persist, with hedge funds preparing to short the yen ahead of the election [5] - Investors are closely monitoring how the election results will influence the Bank of Japan's interest rate path, as Suga is known for his loose monetary policy [5]