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Latest Liquidity Enhancement Auction Easily Absorbed

JGBS

The latest liquidity enhancement auction covering 5- to 15.5-Year JGBs sees a jump in the cover ratio Meanwhile, spreads aren’t anywhere near as tight as the previous offering, although don’t point to any meaningful concession required to clear the auction, still residing in negative territory. JGBs look through the auction results, with futures nudging lower, peaking through their overnight & morning session base, with cash JGB yields little changed vs. pre-lunch levels.

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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