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30-Year Supply Well Received

JGBS

The space sees a bid kick in after the well-received round of 30-Year JGB supply. The low price comfortably topped broader expectations (which stood at 100.35 per the BBG dealer poll), while the cover ratio ticked higher and the tail narrowed. Futures unwound a chunk of their overnight/morning weakness to last print -8 vs. settlement, with super-long JGBs now printing a little richer on the day in cash trade.

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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