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5s Not Particularly Well Received

JGBS

Not the firmest round of 5-Year JGB supply there, with a lack of outright and relative value appeal likely crimping demand a little. The low price was lower than broader expectations (which stood at 100.60 per the BBG dealer poll), while the cover ratio softened and tail width held steady.

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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