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Stock impact report

Japan Two-Year Bond Yield Rises After Tepid Auction Demand [Yahoo! Finance]

SUMITOMO MITSUI TR S/ADR (SUTNY) 
NASDAQ:AMEX Investor Relations: smtb.jp/tools/english
Company Research Source: Yahoo! Finance
may need to raise interest rates more aggressively to rein in inflation and support the yen. The bid-to-cover ratio, a key gauge of demand, was at 3.26, compared with 3.53 at the previous sale and a 12-month average of 3.65. The two-year yield jumped 2.5 basis point to 1.125%, its highest level since 1996. Ten-year bond futures fell after opening higher. Most Read from Bloomberg New York's Congestion Pricing Is Working. Five Charts Show How As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride When It Comes to US Transportation, 2025 Had Some Wins, Too The auction comes less than a week after the BOJ lifted its policy rate to a three-decade high. In comments afterward, Governor Kazuo Ueda offered little guidance on the central bank's future rate path, weakening the yen and sending yields sharply higher. “There are lingering concerns about the BOJ being behind the curve,” said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Manageme Show less Read more
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