April 17, 2024 03:13 GMT
BoJ Rinban Operations Suggest Pressure On Longer-Dated JGBs Early In Afternoon Trade
JGBS
This morning’s BoJ Rinban operations saw flat to positive spreads and higher cover ratios for the longer-dated buckets (1-3-year: 1.82x, 3-5-year: 1.61x, 5-10-year: 3.59x and 10-25-year: 2.91x), which may generate some slight pressure in early rounds of the Tokyo afternoon session.
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