Global long-term government bond auctions have been frequently met with cold reception, raising doubts about whether investors are still willing to buy government debt.

A series of poorly received long-term sovereign bond auctions globally has raised doubts in the market as to whether investors are still willing to fund the spending plans of governments such as the United States and Japan. Japan's 30-year government bond issued on Thursday showed signs of being "shunned" by buyers for the third time in weeks, with one measure of demand hitting its lowest level since 2023. However, bond prices rose after the auction, indicating that investors' expectations for demand were even lower than anticipated. Meanwhile, demand for Australia's 12-year government bond issued on Tuesday reached its lowest level in about six years, and South Korea's 30-year government bond issued on Wednesday after the general election saw its lowest demand since 2022.