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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 10-Year Index-Linked JGB Auction climbed to -0.27% in January 2025
FMPMonthlyReleased February 2025
US 10-Year Index-Linked JGB Auction climbed to -0.27% in January 2025, released February 2025, up 0.09% from December's -0.36% reading.
Latest Release
-0.269000
Actual
—
Consensus
-0.362000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
10-Year Index-Linked JGB Auction (United States) was reported at -0.27% in January 2025. The reading rose from the previous value of -0.36%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
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10-Year Index-Linked JGB Auction - US
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About 10-Year Index-Linked JGB Auction — United States
DEFINITION
The 10-Year Index-Linked JGB Auction is a financial indicator that measures the demand and pricing for 10-year Japanese government bonds (JGBs) that are linked to the country's inflation rate. This auction provides insight into investor sentiment and expectations for future inflation in Japan, as well as the government's ability to borrow funds at a fixed rate. It is an important tool for assessing the overall health of the Japanese economy and its impact on the global financial market.
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'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.