The subscription multiple for Japan's 20-year government bond auction hit a new high since March.

After the Japanese Ministry of Finance reduced the issuance volume of ultra-long-term bonds, the subscription multiple for the 20-year Japanese government bonds auction reached its highest level since March. The subscription multiple for the auction held on Tuesday was 3.11, while the subscription multiple for the auction in May was 2.5, which was the lowest level in over 10 years at that time.