Japan 10 year JGB auction average yield of 0.910%

Japan sales 2.2 trillion of 10 year JGBs:

• Yield 0.910%. The yield at lows accepted price 0.915%. Last auction came in at 0.768%
• Tail of 0.05 versus 0.02 previously
• bid to cover 3.62X vs 3.93X at last auction
• lowest price comes in at 98.95 versus 100.27 previously.
• Average price comes in at 99.00 versus 100.27 previously

Not a good auction.