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40-Year paper underperforms in the wake of.....>

JGBS
JGBS: 40-Year paper underperforms in the wake of the latest 40-Year JGB auction,
extending on the concession that was observed directly ahead of supply, with the
high yield topping dealer exp. (as proxied by the BBG dealer poll), while the
cover ratio softened vs. the prior auction (representing the softest cover ratio
seen for this tenor since Nov 2017).
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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