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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 6-Month Bill Auction climbed to 1.01% in June 2026
FMPMonthlyReleased July 2026
Japan 6-Month Bill Auction climbed to 1.01% in June 2026, released July 2026, up 0.03% from May's 0.98% reading.
Latest Release
1.011800
Actual
—
Consensus
0.982100
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 |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.49 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.47 | INDEX | Moves with | → View |
| Hang Seng | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| EUR/JPY | ▲ Direct | +0.28 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
6-Month Bill Auction (Japan) was reported at 1.01% in July 2026. The reading rose from the previous value of 0.98%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.74%, ranging from 0.49% to 1.01% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.95%, up from the prior three at 0.77%. Volatility over the past year (σ 0.18%) is higher than the prior year (σ 0.15%). In July readings over the past 3 years, 6-Month Bill Auction has averaged 0.49%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for August 6, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jul 31) and BoJ Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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6-Month Bill Auction - JP
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About 6-Month Bill Auction — Japan
DEFINITION
The 6-Month Bill Auction is a financial indicator that measures the demand for short-term government debt securities. It involves the auctioning of 6-month Treasury bills, which are considered a safe and liquid investment option. This indicator provides insight into the current market sentiment and can be used to gauge the overall health of the economy. Investors and analysts closely monitor the results of these auctions as they can impact interest rates and the overall performance of the financial markets.
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 (Jul 2026): actual 1.012 %. Prior reading (Jun 2026): 0.982 %. Before that (May 2026): 0.92 %.
WHAT'S NEXT
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 Nikkei 225 (Bullish Nikkei 225, r=0.49) — a useful reference for index-focused traders.
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Economic Calendar - JP Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High |
| 23:30 | JP | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium |
| 23:30 | JP | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low |
| 23:30 | JP | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low |
| 23:30 | JP | CPI YoY | 2 | 1.7 | 2 | 2.00 | Low |
| 23:50 | JP | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium |
| 23:50 | JP | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium |
| 23:50 | JP | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low |
| 23:50 | JP | Industrial Production YoY | 4.2 | -2.1 | 1.8 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High |
| 05:00 | JP | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low |
| 05:00 | JP | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium |