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2-Year Supply Passes Smoothly

JGBS

2-Year JGB supply passes smoothly, especially when you consider the perceptions around a lack of onshore demand, with the cover ratio ticking higher and price tail narrowing vs. the prev. auction. Elsewhere, the low price topped broader dealer exp. (which stood at 100.26, per the BBG dealer poll). Offshore interest likely aided the takedown of today's auction.

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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