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Futures Tick Lower During Early Afternoon Trade

JGBS

JGB futures back to unchanged levels in early afternoon trade, with little support seen on the back of a 5-Year JGB auction which was probably a little softer than most expected. The auction saw the low price miss broader expectations (which stood at 101.05, per the BBG dealer poll), indeed the average price was in line with the expectations for the low price, while the tail widened marginally and cover ratio edged lower.

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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