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Little in the way of immediate reaction to.....>

JGBS
JGBS: Little in the way of immediate reaction to the latest 30-Year JGB auction,
which saw the cover ratio hold up and a slightly wider price tail when compared
to the previous 30-Year auction. The low price met dealer exp. (based on the BBG
poll). 30-Year yields edged lower on the back of auction, but the move was
limited and short-lived.
- Yields trade marginally lower across the curve at writing.
- Futures have stuck to a tight range, with little in the way of headline flow
apparent, although the contract has managed to draw support from a negative day
for the Nikkei 225.
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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