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5-Year Supply Easily Absorbed

JGBS

The low price witnessed at the latest 5-Year auction topped broader dealer expectations (which stood at 100.44 per the BBG dealer poll), with the cover ratio firming as the lower degree of uncertainty post-BoJ review and allure of fresh paper outweighed any outright/relative value questions. Elsewhere, the tail width narrowed.

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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