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Solid 2-Year Auction

JGBS

A very marginal widening of the tail was seen at the latest round of 2-Year JGB supply (vs. prev. auction), although that metric remained very tight in the grand scheme of things, with the low price matching broader exp. (as proxied by the BBG dealer poll), while the cover ratio firmed vs. prev.

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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