Core Insights - Japan's 20-year government bond auction saw its bid-to-cover ratio reach the highest level since 2020 [1] Group 1 - The bid-to-cover ratio indicates strong demand for long-term government bonds in Japan [1]

Core Viewpoint - The U.S. Treasury issued $58 billion in 3-year bonds with a winning yield of 3.579%, indicating stronger-than-expected demand [1] Summary by Categories Auction Performance - The pre-auction trading level was 3.589%, showing that demand exceeded expectations [1] - The bid-to-cover ratio was 2.85, higher than the average of 2.59 from the previous six auctions [1] Investor Distribution - Primary dealers received 9.7% of the allocation, which is lower than the previous auction [1] - Direct bidders' allocation increased to 27.3% [1] - Indirect bidders accounted for 63% of the allocation [1] Market Reaction - The market's reaction to the auction results was limited, with short-term bond yields rising by approximately 2 basis points [1] - The yield spread between 2-year and 10-year Treasury bonds narrowed by over 1 basis point [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for U.S. Treasury auctions has decreased to 2.69 from a previous value of 2.91, suggesting a decline in demand for government debt securities [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for U.S. Treasury auctions has decreased to 2.91 from a previous value of 3.08, suggesting a decline in demand for government debt securities [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for U.S. Treasury auctions has decreased to 3.08 from a previous value of 3.26, suggesting a decline in demand for government debt securities [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for the 4-month U.S. Treasury auction as of July 2 is 3.04, which is a decrease from the previous value of 3.13 [1]

Group 1 - The core point of the article indicates that the bid-to-cover ratio for the U.S. 3-month Treasury auction as of June 30 was 3.04, a decrease from the previous value of 3.49 [1]

Group 1 - The core point of the article highlights the results of the U.S. 6-month Treasury bill auction held until June 30, showing a bid-to-cover ratio of 2.77, which is an increase from the previous value of 2.7 [1]