[Japan's 40-Year Government Bond Auction Sees Strongest Demand Since 2020] BlockBeats News, September 29: Due to relatively high yields attracting investors, Japan's 40-year government bond auction recorded its strongest demand since 2020. The bid-to-cover ratio for this auction was 3.1, higher than the previous auction's 2.82 and above the 12-month average of 2.67. Following the auction, Japanese government bond futures continued to rise. The latest yield for the 40-year government bond stands at 4.23%. This issuance comes amid growing investor concerns that the Bank of Japan may be lagging behind in monetary tightening. Earlier this month, Bank of Japan Governor Kazuo Ueda did not provide clear guidance on the pace of future rate hikes following the widely anticipated rate increase, further fueling market expectations that the Bank of Japan may eventually need to adopt more aggressive rate hikes. [Original Link]