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What to watch out for

JGBS: 30-Year JGB yields have edged lower in the wake of the latest 30-Year JGB
auction as the cover ratio edged higher, and the tail narrowed vs. the prior
auction. Also worth noting that the low price topped the exp. of the BBG dealer
poll. This has allowed the super-long end of the curve to pair some its AM
session underperformance in early afternoon trade.
MNI London Bureau | +44 0203-865-3809 |