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JGBS: Breakdown of today's BoJ Rinban ops was as follows:
- 10-25 Year: offer/cover ratio 2.92x (prev. 5.88x), average spread -0.013
- 25+ Year: offer/cover ratio 4.29x (prev. 5.71x), average spread -0.007 (prev.
- JGBis: offer/cover ratio 5.28x (prev. 4.99x), average spread -0.036 (prev.
- 10-25+ Year ops saw moderations in the cover ratios, although spread
developments were more mixed.