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Mixed Liquidity Enhancement Auction Result, Smooth Passage Overall

JGBS

The cover ratio eased at the latest liquidity enhancement auction for off-the-run 1- to 5-Year JGBs vs. the prev. auction, although the metric remained above the 4.00x marker. Elsewhere, the pricing of the spreads moved deeper into negative territory this time out, which is a positive in terms of demand. All in all, the auction was digested smoothly enough.

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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