Japan’s 40-Year JGB Auction Result on January 28, 2026: What It Means for Yields, Markets, and Risk Appetite
On *January 28, 2026*, the **Ministry of Finance of Japan** conducted an auction of 40-year Japanese Government Bonds (JGBs), one of the most closely watched events in the country’s bond market. With Japan still grappling with high public debt and evolving fiscal dynamics, long-term bond auctions like this one have become focal points for investors, policymakers, and global observers alike. This article breaks down the **auction results**, explains why they matter, and explores how 40-year JGB yields are influencing market sentiment, risk pricing, and expectations both within Japan and across global portfolios. --- ## What Happened in the January 28 Auction? According to the official **Ministry of Finance auction result**, the 40-year bond auction delivered the following headline data: * **Auction Date:** January 28, 2026 * **Issue Date:** January 29, 2026 * **Maturity Date:** March 20, 2065 * **Coupon:** 3.1% * **Total Competitive Bids:** ¥1,103.3 billion * **Amount Sold:** ¥...
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