---
title: "This is a GLOBAL DEBT CRISIS: Japan’s 40-year bond auction just saw its weakest demand since 2011."
description: "The bid-to-cover ratio fell to 2.127.\nYield surged to a record 3.375%.\nCracks are forming in the world’s 3rd-largest bond market.\n\nSource: Bloomberg, Global Markets Investor"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [This is a GLOBAL DEBT CRISIS: Japan’s 40-year bond auction just saw its weakest demand since 2011.](https://blog.syzgroup.com/syz-the-moment/this-is-a-global-debt-crisis-japans-40-year-bond-auction-just-saw-its-weakest-demand-since-2011)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 24, 2025, 6:18:23 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/this-is-a-global-debt-crisis-japans-40-year-bond-auction-just-saw-its-weakest-demand-since-2011)

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