Free Trial

2s Look Through Tepid Auction

JGBS

Uncertainty re: the trajectory of BoJ monetary policy (most likely beyond the widely expected hold later this week) and a lack of enticing value seemed to weigh on demand at today’s 2-Year auction, with the cover ratio slipping further below the 6-auction average (hitting the lowest level since August’s auction), although the low price matched wider expectations (per the BBG dealer poll). The tail remained contained. 2s are little changed post-supply.

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.