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Decent enough 30-Year auction there, with......>

JGBS
JGBS: Decent enough 30-Year auction there, with average yields prevailing within
0.4bp of that seen at the prev. auction. Low price topped dealer exp. (as
proxied by the BBG poll), cover ratio was ever so slightly higher, with the tail
tightening, although the percentage allotted at the high yield was notably
higher. Signs that FY-end demand may be at work, especially with yields back
from recent richest levels, as flagged in the auction preview.
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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