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Decent 2-Year auction there as the tail........>

JGBS
JGBS: Decent 2-Year auction there as the tail tightens and cover ratio
strengthens to the highest level seen at a 2-Year auction since August last
year. Low price also topped dealer exp (100.470 per the BBG dealer poll). Looks
like FX hedged yield pickups from abroad outweighed any worry re: greater supply
needs to finance the supplementary budget.
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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