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SocGen Look For Lower Super-Long Domestic Demand On Special Issuance Upsizing

CHINA RATES

Societe Generale write “24 special CGB issuance will supply more than twice the DV01 to the market vs. 2023. Moreover, ultra-long special CGB issuance is planned to occur over the next few years. Consequently, the strong local investor demand for 30+yr CGBs is likely to diminish.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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