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Japan 2-Year JGB Auction climbed to 1.71% in August 2026, up 0.22% from July's 1.48% reading.
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).
2-Year JGB Auction (Japan) was reported at 1.71% in August 2026. The reading rose from the previous value of 1.48%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 1.24%, ranging from 0.93% to 1.71% across 10 releases.
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.52%, up from the prior three at 1.29%. Volatility over the past year (σ 0.24%) is higher than the prior year (σ 0.15%). In August readings over the past 3 years, 2-Year JGB Auction has averaged 0.99%.
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU).
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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.
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.
Latest reading (Aug 2026): actual 1.708 %. Prior reading (Jul 2026): 1.483 %. Before that (May 2026): 1.369 %.
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. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.42) — a useful reference for commodities-focused traders.
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| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low | |
| 04:30 | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low | |
| 04:30 | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.30 | Low | ||
| 23:50 | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | ||
| 23:50 | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | ||
| 23:50 | Imports YoY | 27.8 | 26.3 | 26.15 | Low | ||
| 23:50 | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | ||
| 23:50 | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | ||
| 23:50 | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | ||