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Slightly Weaker 2-Year Auction, But Easily Digested

JGBS
Little to extract from the latest 2-Year JGB auction, which saw the low price meet broader dealer expectations (as per the BBG dealer poll), with the cover ratio marginally softer than the prev. auction as the tail moved a little wider. Still, there were no problems with digestion of the supply.
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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