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Japan 2-Year JGB Auction fell to 1.37% in May 2026, down 0.04% from April's 1.41% 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).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.46 | COMMODITIES | Bearish XAU | → View |
| USD/JPY | ▲ Direct | +0.43 | FOREX | Bullish USD | → View |
| S&P 500 | ▲ Direct | +0.38 | INDEX | Bullish S&P 500 | → View |
| GBP/JPY | ▲ Direct | +0.27 | FOREX | Bullish GBP | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
2-Year JGB Auction (Japan) was reported at 1.37% in May 2026. The reading fell from the previous value of 1.41%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 1.06%, ranging from 0.73% to 1.37% across 11 releases.
The trailing three releases averaged 1.33%, up from the prior three at 1.13%. Volatility over the past year (σ 0.21%) is higher than the prior year (σ 0.18%). In May readings over the past 3 years, 2-Year JGB Auction has averaged 0.85%.
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/JPY, positively correlated (Bullish USD).
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (May 2026): actual 1.369 %. Prior reading (Apr 2026): 1.407 %. Before that (Mar 2026): 1.37 %.
Sigmacast's 1-month forecast points to a similar 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=-0.46) — a useful reference for commodities-focused traders.
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| Monday, June 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | Tertiary Industry Index MoM | 1.3 | -0.6 | 0.5 | 0.93 | Low | |
| Tuesday, June 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | BoJ Interest Rate Decision | 0.75 | 1 | 1.00 | High | ||
| 23:00 | Reuters Tankan Index | 8 | 9 | 12.00 | Low | ||
| 23:50 | Machinery Orders MoM | -9.4 | 0.9 | 2.95 | Medium | ||
| 23:50 | Imports YoY | 9.7 | 12.8 | 12.15 | Low | ||
| 23:50 | Exports YoY | 14.8 | 16.2 | 17.50 | Medium | ||
| 23:50 | Balance of Trade | 301.9 | -564.6 | -294.35 | High | ||
| 23:50 | Machinery Orders YoY | 5.9 | 9.3 | 10.90 | Medium | ||
| 23:50 | Adjusted Trade Balance | 0.24 | -0.21 | -0.21 | Medium | ||
| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:00 | Reuters Tankan Index | 8 | 9 | 12.00 | Low | ||