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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 2-Year JGB Auction fell to 1.91% in October 2026
FMPMonthlyReleased October 2026
Japan 2-Year JGB Auction fell to 1.91% in October 2026, down 0.06% from September's 1.96% reading.
Latest Release
1.905000
Actual
—
Consensus
1.964000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.33 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.33 | COMMODITIES | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year JGB Auction (Japan) was reported at 1.91% in October 2026. The reading fell from the previous value of 1.96%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 1.4%, ranging from 0.93% to 1.96% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.86%, up from the prior three at 1.41%. Volatility over the past year (σ 0.33%) is higher than the prior year (σ 0.1%). In October readings over the past 3 years, 2-Year JGB Auction has averaged 0.85%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for November 30, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Oct 30) and Retail Sales YoY (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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2-Year JGB Auction - JP
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About 2-Year JGB Auction — Japan
DEFINITION
The 2-Year JGB Auction is a financial indicator that measures the demand for Japanese government bonds with a maturity of two years. It is used by investors and analysts to assess the current state of the Japanese bond market and gauge investor sentiment towards the country's economy. This auction provides valuable insights into the short-term borrowing costs for the Japanese government and can impact interest rates and overall market stability.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 1.905 %. Prior reading (Sep 2026): 1.964 %. Before that (Aug 2026): 1.708 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 35 | 35.4 | 35.1 | 35.05 | High |
| 23:30 | JP | Jobs/applications ratio | 1.19 | 1.18 | 1.18 | 1.19 | Low |
| 23:30 | JP | Unemployment Rate | 2.4 | 2.5 | 2.5 | 2.45 | Medium |
| 23:30 | JP | Tokyo CPI Ex Food and Energy YoY | 2.6 | 2.9 | 2.7 | 2.65 | Low |
| 23:30 | JP | Tokyo CPI YoY | 2.8 | 2.7 | 3.3 | 3.05 | Low |
| 23:30 | JP | Tokyo Core CPI YoY | 2.6 | 2.7 | 2.6 | 2.60 | Low |
| 23:50 | JP | Industrial Production MoM | 2.2 | -2.4 | 1.3 | 1.75 | Medium |
| 23:50 | JP | Industrial Production YoY | 1.9 | 2.7 | 3.1 | 2.50 | Low |
| 23:50 | JP | Retail Sales MoM | -0.7 | -0.9 | 0.6 | -0.05 | Low |
| 23:50 | JP | Retail Sales YoY | 2.3 | 2.9 | 3.3 | 2.80 | Medium |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1.25 | 1.25 | 1.25 | 1.25 | High |
| 05:00 | JP | Housing Starts YoY | -2.7 | 6.1 | 2.9 | 2.95 | Medium |
| 05:00 | JP | Construction Orders YoY | -11.1 | -3.6 | -3 | -2.70 | Low |