There was a concern ahead of the auction whether there is enough demand for the long-dated debt, such as 20-and 30-year bonds. Thirty-year debt has fallen to a level where investors can think about buying.
Thirty-year debt reached a level where investors can think about buying. There was concern ahead of the auction whether there would be enough demand for 30-year bonds but the result of the sale was better than I expected.
The market is staying alert for Muto's speech. There is no consensus on when the bank will start raising rates, and people are wondering whether he will say anything concrete about the timing.