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Longer-dated JGBS garner support as the bid....>

JGBS
JGBS: Longer-dated JGBS garner support as the bid to cover on the latest 40-Year
JGB auction ticked higher (although Y100bln less was on offer), with the high
yield on the auction sitting at 0.865% against expectations for 0.880%, which
was was also supportive for prices. the coupon was reduced to 0.8% from the
prior line's 0.9%.
- This promoted further flattening of the curve.
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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