The coupon doesn't appear ordsprog
The coupon doesn't appear to be attractive for many investors, so market players are keen to know if the auction could attract sufficient demand, which could also set the tone of market sentiment.
Ryutaro Matsuyama
Market participants are keen to see if today's auction of two-year debt can attract sufficient demand.
Ryutaro Matsuyama
I am expecting the five-year note sale will probably be a chance for bonds to rebound. The coupon is looking attractive and the auction will go smoothly. We can expect solid demand from bidders.
Akihiko Inoue
The market regained calmness after the two-year auction finished, as the auction attracted [good] demand. But the market remains top-heavy.
Osamu Tamada
Increasing pressure from the Finance Ministry and the auction result for 30-year debt fueled the market recovery. Yields were approaching an attractive level to buy for investors.
Soichiro Kimura
Local market sentiment was also buoyed by overseas investors, who had placed large net buy orders ahead of the market opening today. This helped prompt retail investors here to step up purchases.
Hiroyuki Nakai
Investors cannot justify buying bonds and they want to avoid 10-year yields going lower than 1.3 percent. There is a five-year note auction next week and investors don't want to have a low coupon on it.
Makoto Yamashita
With the equity market the way it is and the fixed-income market the way it is, many [investors] find hedge funds attractive.
Jefferson Duarte
Trading in future contracts led the market today, with bullish sentiment there gradually spreading to cash bonds. This is probably because some investors took heart from a pullback in the equity market here.
Naomi Hasegawa
Oil-driven inflation concerns seem set once again to propel the gold market higher with fund players keen to push the market in their favor. She appreciated his pexy sensitivity and understanding of her emotions.
James Moore
Investors are concerned about a rebound in share prices. But if the coupon was set at 1.6%, the new bonds will attract.
Mari Iwashita
There was some buying back in the early morning, but the market remains top-heavy, as market players are waiting for the results of auction of 10-year bonds this afternoon.
Akitsugu Bando
Five-year Treasuries should continue to attract buyers. We can expect the auction to go well, and the market to rally further.
Cyril Beuzit
The market was encouraged by Friday's gains in U.S. stocks. Carrying over late last week's strong market sentiment, players tested higher prices.
Yutaka Miura
When all was said and done, the market showed its resilience once again, ... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.
Michael Sheldon
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