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Bland 10-Year Auction

JGBS

A very bland 10-Year JGB auction there, with little meaningful movement in any of the major metrics, while the low price missed broader dealer expectations by the smallest of margins (the BBG dealer poll looked for a low price of 100.78). Futures trade to fresh lows in early Tokyo afternoon dealing, last -8, although some of that move may represent catch up to the U.S. Tsy dynamic. Cash JGBs are marginally softer on the day across the curve.

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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