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20-Year JGB Auction Not As Firm As Previous Offering


A slightly weaker than prior 20-Year JGB offering there, with the cover ratio nudging lower and price tail edging wider. The cover ratio represented the lowest such reading seen at a 20-Year auction since April's 20-Year offering. Still, the low price topped dealer expectations (BBG dealer poll pointed to 100.10).

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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