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10-Year Supply Goes Smoothly

JGBS

A very bland 10-Year auction, with the low price matching dealer estimates, as proxied by the BBG dealer poll, cover ratio holding steady and tail marginally widening vs. prior auction. The % allotted at the high yield also edged higher. Knee-jerk lower in futures pared.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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