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20-Year JGB Passes Smoothly

JGBS

The latest 20-Year JGB auction saw smooth enough passage, with the low price coming a little above wider dealer expectations (which stood at 99.75, per the BBG dealer poll). Meanwhile, the cover ratio nudged higher, moving above its 6-month average (just, with the average at 3.361x).

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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