Japan JGB Auction Results
Results of every Ministry of Finance auction of coupon-bearing Japanese government bonds, by auction date: yield at the average price and highest accepted yield, competitive bids and amounts accepted, for 2-, 5-, 10-, 20-, 30- and 40-year JGBs, 10-year inflation-indexed JGBs and climate transition (GX) bonds.
| Indicator | 30-07-2026 | 22-07-2026 | 14-07-2026 | 09-07-2026 | 07-07-2026 | 02-07-2026 | 30-06-2026 | 25-06-2026 | 23-06-2026 | 10-06-2026 | 02-06-2026 | 29-05-2026 | 27-05-2026 | 25-05-2026 | 20-05-2026 | 18-05-2026 | 14-05-2026 | 12-05-2026 | 01-05-2026 | 30-04-2026 | 14-04-2026 | 09-04-2026 | 07-04-2026 | 02-04-2026 | 31-03-2026 | 24-03-2026 | 17-03-2026 | 13-03-2026 | 11-03-2026 | 05-03-2026 | 03-03-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2-year JGB4 | ||||||||||||||||||||||||||||||||
| Yield at the average price | 1.48 | 1.41 | 1.37 | 1.41 | 1.37 | |||||||||||||||||||||||||||
| Highest accepted yield | 1.49 | 1.41 | 1.38 | 1.41 | 1.38 | |||||||||||||||||||||||||||
| Competitive bids | 77,386 | 103,744 | 78,905 | 113,278 | 75,892 | |||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 21,344 | 21,534 | 21,347 | 21,603 | 21,454 | |||||||||||||||||||||||||||
| 5-year JGB4 | ||||||||||||||||||||||||||||||||
| Yield at the average price | 2.02 | 1.91 | 2.02 | 1.83 | 1.63 | |||||||||||||||||||||||||||
| Highest accepted yield | 2.03 | 1.92 | 2.03 | 1.84 | 1.64 | |||||||||||||||||||||||||||
| Competitive bids | 65,424 | 59,322 | 62,141 | 68,055 | 70,880 | |||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 19,059 | 19,063 | 19,322 | 18,985 | 19,216 | |||||||||||||||||||||||||||
| 5-year Climate Transition JGB3 | ||||||||||||||||||||||||||||||||
| Highest accepted yield | 1.94 | |||||||||||||||||||||||||||||||
| Competitive bids | 11,556 | |||||||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 2,500 | |||||||||||||||||||||||||||||||
| 10-year JGB4 | ||||||||||||||||||||||||||||||||
| Yield at the average price | 2.73 | 2.65 | 2.54 | 2.35 | 2.12 | |||||||||||||||||||||||||||
| Highest accepted yield | 2.76 | 2.66 | 2.54 | 2.4 | 2.13 | |||||||||||||||||||||||||||
| Competitive bids | 61,448 | 70,031 | 76,166 | 50,460 | 66,239 | |||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 19,631 | 19,839 | 19,510 | 19,672 | 20,046 | |||||||||||||||||||||||||||
| 10-year Climate Transition JGB3 | ||||||||||||||||||||||||||||||||
| Highest accepted yield | 2.2 | |||||||||||||||||||||||||||||||
| Competitive bids | 10,260 | |||||||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 2,999 | |||||||||||||||||||||||||||||||
| 10-year inflation-indexed JGB3 | ||||||||||||||||||||||||||||||||
| Highest accepted yield | 0.58 | |||||||||||||||||||||||||||||||
| Competitive bids | 8,486 | |||||||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 2,499 | |||||||||||||||||||||||||||||||
| 20-year JGB4 | ||||||||||||||||||||||||||||||||
| Yield at the average price | 3.63 | 3.54 | 3.71 | 3.33 | 3.14 | |||||||||||||||||||||||||||
| Highest accepted yield | 3.63 | 3.56 | 3.72 | 3.33 | 3.15 | |||||||||||||||||||||||||||
| Competitive bids | 24,008 | 15,736 | 21,090 | 25,321 | 19,903 | |||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 5,309 | 5,304 | 5,258 | 5,253 | 6,130 | |||||||||||||||||||||||||||
| 30-year JGB4 | ||||||||||||||||||||||||||||||||
| Yield at the average price | 3.99 | 3.86 | 3.84 | 3.7 | 3.4 | |||||||||||||||||||||||||||
| Highest accepted yield | 4 | 3.89 | 3.86 | 3.71 | 3.41 | |||||||||||||||||||||||||||
| Competitive bids | 20,700 | 13,237 | 15,876 | 14,030 | 19,377 | |||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 4,549 | 4,508 | 4,544 | 4,504 | 5,300 | |||||||||||||||||||||||||||
| 40-year JGB3 | ||||||||||||||||||||||||||||||||
| Highest accepted yield | 3.87 | 3.84 | 3.6 | |||||||||||||||||||||||||||||
| Competitive bids | 8,467 | 8,094 | 10,157 | |||||||||||||||||||||||||||||
| Bids accepted (competitive and non-price) | 2,998 | 2,996 | 3,998 |
Latest reading
Yield at the average price stood at 2.73% in Jul 2, 2026. That is +1.3 pp from a year earlier.
- Latest
- 2.73%
- Jul 2, 2026
- vs a year earlier
- +1.3 pp
About this data
Results of every Ministry of Finance auction of coupon-bearing Japanese government bonds, by auction date: yield at the average price and highest accepted yield, competitive bids and amounts accepted, for 2-, 5-, 10-, 20-, 30- and 40-year JGBs, 10-year inflation-indexed JGBs and climate transition (GX) bonds. Bids divided by amounts accepted give the bid-to-cover ratio watched as a gauge of demand. Source: Ministry of Finance Japan.
