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Little reaction in the space to a strong.......>

JGBS
JGBS: Little reaction in the space to a strong 5-Year JGB auction, that had no
tail, and exhibited a much firmer cover ratio than the previous auction. Demand
was likely driven by attractive relative value proposition vs. 7-Year paper.
- Futures little changed in early afternoon trade, with 5-Year yields now
slightly lower on the day.
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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