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Little in the way of notable reaction in the...>

JGBS
JGBS: Little in the way of notable reaction in the wake the latest 5-Year JGB
auction, which was well received. The cover ratio held relatively firm, with the
tail width also holding steady as the low price met dealer expectations (as
proxied by the BBG dealer poll).
- The long end of the curve continues to underperform, with the Nikkei 225 last
trading 1.9% higher in the early part of the afternoon session.
- Futures continue to operate in a narrow range.
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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