(Bloomberg) -- Japan's 20-year bonds rose for a second day on speculation investors will be attracted to a sale of the securities today after the government raised the coupon for the auction.
The Ministry of Finance put a 2.1 percent payout on the 800 billion yen ($6.7 billion) of 20-year securities it will sell, up from 2 percent at the previous auction last month. The difference in yield, or spread, between two-year and 20-year bonds narrowed in the past five days from the highest in more than two months.
Read more at Bloomberg Bonds News
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