Free Trial

Soft Demand Metrics At 30-Year JGB Auction

JGBS

Today’s 30-Year JGB auction provided a marginal miss vs. broader sell-side expectations (the BBG dealer poll pointed to a low price of 100.60), with the cover ratio edging lower when compared to the previous 30-Year auction, printing just below the 6-acution average (3.24x). This means the auction was on the softer side of the scale but wasn’t dreadful by any stretch of the imagination. Futures printed a new session low in the wake of the auction, but have recovered from worst levels, while cash 30s cheapened by ~0.5bp.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.