10-Year Japanese Government Bonds (JGB) Auction indicator reflects data on sales of 10-year government bonds.
Governments issue bonds (treasuries) to borrow funds from purchasers. The yield of a government bond is the income that an investor holding the bond for its entire duration will receive. Japanese bonds are considered to be a low-risk and high-liquid asset, since they are fully backed by the government.
Yield fluctuations provide an indication of the government debt situation and are directly related to the yen interest rate.