Free Trial

2-Year Supply Goes Well

JGBS

The latest round of 2-Year JGB supply goes well, with the cover ratio printing at the highest level observed since May and little movement in the tail width, while the low price topped expectations (which stood at 100.085, per the BBG dealer poll). Takedown was likely aided by the recent move to multi-month cheaps in outright terms, international investor demand stemming from FX-hedged yield pickup and the BoE’s well-documented Wednesday action, which has allowed core global FI markets to stabilise, for now. 2s have richened incrementally during early Tokyo afternoon trade.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.