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JGB futures lacked follow through after........>

JGBS
JGBS: JGB futures lacked follow through after managing to register a fresh
(marginal) contract high as risk-off flows moderated,.
- The contract last trades back from best levels, albeit a healthy 14 ticks
better off on the day.
- Bull flattening has been the theme in the cash space.
- The latest 2-Year JGB auction went well, with the cover ratio printing around
the level seen last time out, as the tail narrowed. The low price of the auction
topped dealer exp. (as proxied by the BBG poll).
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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