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ACGB Apr-33 Supply Goes Well


The latest round of ACGB Apr-33 supply goes well, with the cover ratio printing comfortably above 3.00x, while the weighted average yield printed 0.62bp through prevailing mids, with a tight differential seen between the weighted average and high yields. The recent stabilisation of the space away from cycle cheaps and edging of the line towards 10-Year benchmark status likely aided takedown.

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MNI London Bureau | +44 0203-865-3809 |

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