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JGBs Trim Losses After 40-Year Auction

JGBS

JGBs catch bid on the back of a decent enough 40-Year offering, as high yield (0.675%) missed BBG estimate of 0.690%, even as bid/cover ratio slipped to 2.800x from 2.865x. JGB futures have bounced but still trade 9 ticks below last settlement, while 40s outperform in cash space.

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