Free Trial

30-Year Auction Cover On The Soft Side, Pricing Solid

JGBS

The latest round of 30-Year JGB sees firm enough pricing, with the low price providing a modest beat vs. wider expectations (BBG dealer poll exp. stood at 100.10), although the cover ratio softened at the margin, holding comfortably below the 6-auction average (3.29x). It would seem that the previously flagged worry re: continued market vol. and spill over from offshore bond market gyrations stood in the way of wider interest at 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

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.