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ACGB May-32 Auction Digested Smoothly


A fairly vanilla ACGB May-32 auction that is absorbed smoothly, with the weighted average yield printing 0.62bp through prevailing mids, while the cover ratio was comfortably above 2.50x. These metrics were generally in line with the sort of levels we expected pre-auction, with some more colour on the auction available in our auction preview.

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

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