Free Trial

20-Year JGB Supply Better Than Prev., But Not Firm

JGBS

The latest round of 20-Year JGB supply wasn't as soft as December's 20-Year JGB auction, but wasn't strong by any stretch of the imagination, with the aforementioned sources of worry likely facilitating a tentative bidding environment despite the recent outright and relative cheapening of 20s. The tail narrowed a touch, with the cover ratio nudging higher (a reminder that December's 20-Year JGB auction saw the lowest cover ratio witnessed at such an auction since 2015), while the low price met dealer expectations.

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.